TOL 0.00% $9.02 toll holdings limited

technicals getting to iversold territory, page-22

  1. 1,088 Posts.
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    Actually chcstu I'm think you are right on the money with your observations. Lord knows I've watched it enough myself. Every time the sell line builds to say 20000 shares on the bid side, the ask side responds to 1c above. It's almost as though someone is holding the price down by absorbing all of the bids. It seems to be a very deliberate and determined action.
    Perhaps that's just the machinations of the market and someone more experienced than me could offer further insight.
    And then, after all of that, the price moves back up 20c today. I can't figure it out. Maybe when the big seller, whomever that is, has moved on then we'll see a rise back to around the high 6's or low 7's.

    Sounda
 
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