RE: We're on our way folks!6 Apr 2016 12:43
plantravel
That is right, as I said yesterday there was plenty of sells yet and the Level 2 was negative, being 1 v 2 and the one at bid 1.45p was well ahead of the others, next was only 1.35p, so any large sell could again come down like earlier to 1.35 v 1.40p.
Now there was a few late buys yesterday, and this morning the large size MM at offer, moved to bid 1.40p.meaning there was a better support at bid side, 1MM at 1.45p and another at 1.40p, while at offer instead of being 2 MMs then there was only 1 and with small size.
That was a good reason to change my stance and the timing was perfect, although I was already aware of the share was ready to move forward things have to be right ( at least for me ).
the way it works is
1st - mainly sells = share price down
2nd - sells a bit large than buys = share price drops but not as much
3er - buy and sells much the same = share price pause
4th - buys take over, but sells still around = share price rise and drop again ( yesterday )
5th - Buys take control, with hardly any sell = spike on share price only one direction ( today )