Note that while MOD is trading in a range of 2 to 4 pips,deep pocket traders buy and sell...
i'll almost bet my holding that the sell order of 1mil at 6cents right now is the trader who bought at 5.6...
Looks like buy side is thin, but price isn't being pushed down by sellers anxious to get out by the looks..
And SP dropping a few pips will most likely see big orders come in again,,, rinse and repeat until either a major investor wants to buy in and push above 6.1, or someone big wants out,then we could lose support..
Been this way for two Months now...
My guess most volume are traders and accumulators atm until catalysts move it out of the trading range, one way or another...
