ITE i.t.& e limited

been some good volume going through today.... just been looking...

  1. 558 Posts.
    been some good volume going through today.... just been looking at the depth and theres a giant wall at 20c.... and always has been... why this bottle neck of volume...

    Is this 20c mark a tactical move by traders or trader? to place a wall of resistance at the 20c mark....so that some is sold but eventually fails to break resistance...falters and returns to the bottom of the trading range where the seller then buys more cheap and sets himself up for the next attempt at the great wall of china.... does anyone get what i mean....

    or is someone big accumulating slowly and trying to hold this under 20c to prevent breakout....


    thoughts.....?


    AA
 
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