"ICN's total market depth is 3.8m on the buy side with 12.1m on the sell side with a pre open of 36c."
Wa? That depth would usualy be regarded as very bearish. To get to equal buy / sell depth will we need to touch 20c? 12c?
" As it moves back to equal buy/ sell depth, the price could be expected to be around the 60c levels "
Sounds as though there is some rule that the depth will move back to equal buy/ sell depth. Please enlighten us?
"the serious moves will begin"
Oh, serious analysis.
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