Mar. 21 at 12:08 PM
Not sure people are reading yesterday’s move in
$TMC properly.
Closed ~-8.5% which looks weak, but last hour printed ~5M shares. Basically a full day’s volume in one hour.
More important: that volume came AFTER the flush and price didn’t keep breaking down. Stabilised and even ticked up AH.
That’s not typical distribution.
Looks more like sellers got absorbed into the close. Mix of shorts de-risking + bigger buyers stepping in.
Now tie that into next week:
• DoD / critical minerals narrative heating up
• The Metals Royalty Co news (fresh eyes + capital into the space)
• TMC earnings (now pre-market = faster reactions)
That’s a lot of potential catalysts stacked together.
If that late volume was positioning, then this week is where it shows:
• hold ~5 → likely accumulation
• lose ~4.70 → probably just exit liquidity.
Either way, 5M into the lows before a catalyst-heavy week isn’t something you ignore.
p.s. I love rocks
