So,the blue areas are selling areas. Every time the price one of those areas the price drops. For every seller there needs to be a buyer. So then that red highlighted area is were shares are accumulated until there are no more sellers left. Price is reaching a monthly demand area. Who are the buyers? Why are they accumulating? And what do these buyers know?
Lets see how the price reacts to the monthly demand area...
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ETON share price dropped AH on expected FDA news on 8-6 (although the IR presentation shows 11-6). Lets see where the price is going next weeks. Expecting it will go to the 5.15 area.