hmm big wall of sellers you say.
I wonder where they came from all of a sudden, because yesterday there was nothing from 1.2 to 1.6 cents on the sell side, because the quote at one point was 1.2-1.6
So it looks like those who want to sell are seeing the shareprice rise slowly and are positioning themselves for an exist.
That's good because it means there is some depth, so anyone wanting to buy-in on news or on anticipated news can do so close to the current price. Because I know I wouldn't have wanted to pay 1.6 cents yesterday when the previous buyer had only had to pay 1.2 cents!!
There seems to be a few buyers lurking around how don't want to reveal there hand too soon. Some of these new sell orders might just be there to deter others from buying as they would think it will take a lot of volume to move the price, when in fact it might not.
As I said interesting times
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hmm big wall of sellers you say.I wonder where they came from...
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