Have a look at the buy order detail at various buy price points, its littered with a number of significant buying volumes 10,20, 30 and 50 thousands orders. It gives the appearance of significant support for any attempt at a run down in price. I suspect almost half of these are placed by our shorter mate. At the right time they all could be pulled.
Then with some half serious selling volumes it could wipe through the remaining buy orders prices and knock a number of cents off the current price of 1.415. If stop loss trades are triggered then some big trades may be made at the 1.39, 1.38 and the 1.37 mark.
That's how they work. Its pure speculation on my point, but that's what I do, watch.
The next hour could be interesting.
TFC Price at posting:
$1.42 Sentiment: Buy Disclosure: Held
