Anchor VWAP to an event like earnings, a major low, or IPO day, and you get the average price of everyone involved SINCE. Above it, those holders are green; below, trapped. Institutions defend these lines.
Check yourself
Price sits below the earnings-anchored VWAP. Everyone who bought since earnings is…
Profitable on average
Underwater on average, overhead supply correct
Flat
That line = their average cost. Below it, rallies meet relieved sellers at break-even.
Learn this properly
This term has a full interactive lesson in Wick — the chart, the pattern to tap,
and a live practice terminal to try it on. Free to start.