resistance, page-2

PROWIZ...Couple of ways to look at this!

1) the larger sell orders stacked at 9.5c/9.6c are either cappers trying to suppress shareprice to enable accumulation at lower levels. If this is the scenario then when the orders are filled they will cancel or move sell orders up to allow the price to nudge back up

2) Nervous T+3 traders with large parcels waiting to dump after shareprice falling 5% on the intraday, perhaps wondering if they should take what profit is left as they may have bought in between 9c-9.6c on tuesday/wednesday intraday trading.
Remember statistically only 10% of traders make profit so there will be 90% on average sitting on losses and will have to dump which pushes the VWAP price lower. Same applies as the shareprice is being accumulated (buying)for the lucky traders

3)Traders who bought at or above 9.5/9/6c levels when there was a rally to 10/10.5c yesterday possibly gamblin gon the fact that the volume could have quite easily broken the 10.5c line

Quite a few more but that will do!!

Blah Blah ...get the idea

Cheers MMM