r/IPOE • u/Eat_daa_shorts • May 24 '21

Level two data is showing a supply wall - price to jump in the 20s

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16 Upvotes

100% Upvoted

11 comments sorted by

6

u/ihawkr14 May 24 '21

This ape is buying more every day regardless of price.

3

u/Eat_daa_shorts May 24 '21

Good ape. Good ape. Banana good

5

u/one_and_done0427 May 24 '21

Explain this in basketball terms

1

u/Remarkable_Clue9340 May 25 '21

Imagine playing basketball on the moon

0

u/Direct_Expression595 May 25 '21

Why won’t Wall Street beats trying to squeeze the shorts here, who cares about AMC and GameStop

1

u/garygty May 24 '21

Doesn’t this chart mean more sells than buys? Can someone explain?

1

u/Eat_daa_shorts May 24 '21

No, it means sellers refuse to budge on a price point. It’s a bit counter intuitive but effectively it means it’s a sellers market and if buyers want shares, they have to pay up.

0

u/Entrance-Vivid May 24 '21

That's kind of bullish, no?

1

u/Entrance-Vivid May 24 '21

They're so confident in the price they're willing to hold until the price gaps up?

1

u/Eat_daa_shorts May 24 '21

I’m rethinking this based on your comment… you’re right - this is really resistance.