Ive looked at more detail on the March trading and found the next resistance up from $1.20 is around $1.255. The huge bids at $1.25 are just trying to catch anyone who hasnt checked the supports.
Note that a bot is already in action soaking up anything at $1.255. No idea why sellers are lining up there, if they let it clear out, bot will start chewing into $1.26 and so on.
We also have a cap in play with 100k sell order at $1.26, holding back price. Basically we are sitting right on the next support now, and churning through sellers. The good thing is, the buyer is likely on market buy back; so whatever gets chewed up wont come back to market.
Anyway, very positive - since it has clearly conformed to historic support/resistance levels, its very clear to see where this is going - will not take long for a return to $1.55.
A lot of punters wont touch this until confirmation of reversal. Today being green will show a confirmation, and will see more green for several days from herein.
Weel done to any holders who didnt get suckered out of their shares yesterday. Tomorrow will be the big move day up imo
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