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Dropped a comment on a few channels today because people in the threads are totally overreacting to $MetaVia Inc(MTVA)$ cooling off this afternoon. they completely ignore the fact that the chart is building a very clean, tight wedge pattern right under the 4.31 highs after a massive multi-day run. closing right around 3.86 and holding way above the 55 ema at 3.41 is incredibly healthy. the ascending support line off the mid-may lows is holding up like an absolute champ. just letting the weak hands filter out before the next leg begins.
Dropped a comment on a few channels today because people in the threads are totally overreacting to $MetaVia Inc(MTVA)$ cooling off this afternoon. they completely ignore the fact that the chart is building a very clean, tight wedge pattern right under the 4.31 highs after a massive multi-day run. closing right around 3.86 and holding way above the 55 ema at 3.41 is incredibly healthy. the ascending support line off the mid-may lows is holding up like an absolute champ. just letting the weak hands filter out before the next leg begins.