Proper expert analysis3 Jul 2018 22:24
thanks to ra1 from AD-V-FEN
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researchanalyst1
3 Jul '18 - 19:36 - 996 of 997
You can take this to the bank: today’s closing price of 18.80p is a ‘head fake’ of gargantuan proportions. Don’t buy it.
Remember, the rarest commodity on the stock market is honesty. Corruption, greed, and insider dealing is the order of the day. So stay ahead of the game and don’t be fooled by the schoolboy antics.
Today, phantom sells (4,692,131 shares) exceeded the phantom buys (4,292,541 shares) thereby justifying the ‘head fake’ closing price of 18.80p. However, employing trade filtering software (it provides a 94.3% trade defining accuracy) throws up these numbers: 5,038,152 shares were authentic buys and 4,430,832 shares were authentic sells giving a grand total of 9,468,984 shares traded today. So, as you can see, the closing price should’ve been north of 20p.
More importantly, however, 17.3% of today’s authentic sells were ‘stop loss’ transactions in the latter part of the afternoon. In other words, market makers falsely marked down the price (after the earlier surge to 19.64p) to trigger ‘stop losses’ and secure more Echo stock.
So, stay ahead of the game by going LONG. The coming upside is obscene. They know it and are preparing for it. You should too.
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