Market maker and hedge fund Hail Mary sell offs continue to attempt to drive down the prices of every meme stock to attack the conviction of everyone in this trade.

This is the ultimate dip before the ultimate rip.

DD to follow
OBV (On-Balance Volume) is an indicator that shows the trend of buying versus selling based on the sum of share trading volume regardless of share price.

It is a general rule of thumb that the OBV rising means buying and OBV falling means selling.
OBV is best used when compared with other indicators to determine share price trend such as MACD, RSI, Bollinger bands, etc.

These are "oscillators" that show when a stock's price is likely to reverse its current direction and predict volatility.
When OBV deviates from the price action, it indicates a volatile move is coming.

As is the case with EVERY MEME STOCK ON THE MARKET...

OBV is completely flat while all of them are experiencing massive price drops.

It's not coincidence, and I'm expecting huge moves soon.
This may be possibly the hardest hit we are going to feel during this entire squeeze play.

Wait for the turn around/consolidation. Have patience, and hold. I'm building some capital to double my position at the most opportune time.
As much as this price feels like manipulation and fraud, we should be using it to buy more while the opportunity lasts. So that's what my plan is.

$AMC $GME $PROG $BBIG and many others are following a trend that historically preceeds squeeze after squeeze. I'm gonna be ready ✌

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More from @TRUExDEMON

7 Dec
I have something exceptionally positive to share with everyone in $PROG.

Today we just formed a Golden Cross. The 50-day MA just crossed above the 200-day MA. Now we just are waiting on volume to confirm.

One of the ultimate algo buying signals.

investopedia.com/terms/g/golden… Image
As others have pointed out, the cross actually happened yesterday. Today was confirmation and continuation of the trend.

Note that we gapped up in PM and filled that gap this morning before we re-bounded back up to test $2.70, a level of continuous stubborn resistance.
This doesn't mean that every day will be green going forward. What it means is that the stock is likely to enter into a long, ongoing bull-market with prices rising on a long-term trend.

Algos that trade on technicals look for these patterns to find an entry point.
Read 15 tweets
23 Nov
Hey everybody 👋
This thread is to address the dilution that $PROG just announced in their new SEC filing.

I'll preface this by saying very bluntly that I AM NOT SELLING and help bring you the facts so that you can make an informed decision on your own.

Lets get started.
Here is the filing so you can read along:
investors.progenity.com/static-files/0…

The first thing is that $PROG expressed they'll dilute by exactly 18,404,908 shares for $4.89 per share, at an aggregate total of $90M.

The filing also explains the previous week's increase in outstanding shares
As we suspected, warrants and convertible notes were exercised in addition to the 13.3M shares that were sold on October 5-9.

The filing explains that their outstanding shares have increased to 197.253M including this new offering which will be a public offering.
Read 17 tweets
22 Nov
$PROG shorts and market makers are telegraphing a move to the upside. To everyone who is freaking out and calling this a dead play, you're looking at consolidation. Calm TF down...

Wyckoff Accumulation final phase of consolidation is following trend.
Market makers and call sellers still have until Tuesday to make their deliveries. This activity demonstrates an engineered sell-off. They need panic selling in order to scoop up shares on a discount before the next leg up.

The fewer who sell, the less we move to the downside.
We're going to go through some volatility this week as they play their games. T+2 to deliver options and an additional T+6 for market makers to close the outstanding FTDs that result.

Have patience and let the algorithms burn themselves out. They're operating on auto pilot...
Read 4 tweets
22 Nov
Back in the rising channel once again, this time after a hedgie load up and over 150k calls expiring ITM last week. $PROG is still moving aggressively toward a steady climb and short squeeze.

Technicals looking good
Plenty of calls on the chain for this Friday, but pretty modest in comparison to last week. This is a very weak gamma ramp relative to that.

We are still waiting for unhedged calls to be delivered today and tomorrow, so we can see some significant buying today....
... but we will see how it plays out on the charts.

Shorts were not covering last week, which means they were most likely trying to return and re-borrow shares that were failing to deliver.

And the cycle continues lolol😂
Read 8 tweets
18 Nov
I'm going to cover one last item on $PROG today. I was looking at the Unusual Whales FLOW that Hootmoney posted, and there is definitely something happening here.

The OI on $5 and $7.5 calls for $PROG went absolutely nuts in the afternoon today, and I only just noticed.
Almost all of the bearish volume came from selling call options at the end of the day, which I STRONGLY suspect is being done in order to quickly secure premium and scalp some cash before the options expire.

This is a very common action, but for it to happen in these numbers...
... holy shit. There are 111,295 calls OTM on $PROG between $5 and $7.50

That's a combined 11.13M shares on the table.

Those weren't there this morning.

A fair amount of these may be retail, but many times more are likely coming from market makers & HFs.
Read 17 tweets
17 Nov
Wrong ticker, homie. That'd $PRG... not $PROG.

You've got the wrong company.
This is a warning in common investing mistakes.

CHECK THE TICKER AND EXCHANGE!

This error happens so frequently in trading that it has actually caused squeeze events because a stock rallied, and in the FOMO scramble, other stocks with similar tickers have rocketed with them.
This is a really good way to lose money just because you didn't spell check your ticker symbol.

Make sure you know where your money is going before you hit that buy button.
Read 4 tweets

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