That sell for 100k at 2.57 definitely looks like a wah nam / associate order.
On Friday there was aggressive buying, everything up to but not including that 2.57 order was taken. Then suddenly a few smaller orders appear under the 2.57. I will use a fishing analogy.
The 2.57 is as far as they want to throw the net. They throw out the net and pull in as many small fish as they can. Then immediately after they have done that they throw out some small orders under 2.57 to attract some more sellers. These small orders are like the burley a fisherman throws in the water to attract the fish. If some more sellers come out they throw out the net again and drag them in.
BRM Price at posting:
$2.52 Sentiment: LT Buy Disclosure: Held
