Retail longs caught offguard by huge selloff after the stock went public following its reverse merger with GRAF.
Note how hourly RSI set a lower high and other momentum indicators are about to possibly turn bullish.
Upon rumours that a law company is researching legal issues for $GRAF connected to the Velodyne merger, the stock is experiencing huge volatility in price, but when looking at volume it is clear that the stock is pulling back on significantly lower volume than was seen during the bullish move.
With a keen eye on risk management, the rest of this week could...