The other thing that gives me confidence at the moment is the...

The other thing that gives me confidence at the moment is the lack of CXA orders. When you see large volumes being ordered / offered in the CXA, this makes me question how valid the move (up / down) really is. As you can frequently see in many stocks people trying to manipulate the price by putting in offers they have no real intentions of buying / selling.

When a large percentage of the order are in the CXA I don't tend to jump on the band wagon (buying or selling) because often the CXA is the first to move, and it can be a fake buying / selling signal. They might do some big buys or sells just to try and getting the price up / down.

You also have a bot in there trying to push down the price today. All those piddly orders for a few cents or dollars are not a real person. But if people are not on the ball they will see the price and think there is a downward trend when there really isn't one. It is just a stupid bot.