RE: Up she goes.9 Jul 2025 11:58
Might as well look at psychology while we wait
The current 15.9-17p range represents a classic post-cash raise institutional distribution zone following a textbook pump-and-dump pattern where the stock spiked to 27p before crashing back to a then announced 17p cash raise announcement. Institutions who accumulated during the pre-27p run-up are now systematically unloading their positions through algorithmic distribution, as evidenced by the 100% volume concentration (all institutional activity focused here), 4% completion rate (strong selling pressure defending 17p), 8 days duration (time needed for orderly distribution), and 3.6M volume (massive institutional unloading). The algorithms defend the 17p ceiling because higher prices would mean thinner liquidity - after the crash, there's minimal natural buying above 17p, so letting it rise would make distribution harder and risk triggering momentum buying that could recreate the spike. Instead, they concentrate all available buying pressure into this range where retail thinks they're getting shares "at a discount" post-crash, systematically exhausting every buyer who wanted to "buy the dip" at these levels. The slight net selling pressure (-0.22) combined with neutral flow patterns confirms this is controlled distribution rather than accumulation, with the 15.9p floor maintained just long enough to maximize the total volume they can sell before the inevitable break lower once all natural buying is exhausted - essentially turning post-dilution retail optimism into their exit liquidity.