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Re: sbetten01 post# 88777

Wednesday, 01/11/2017 4:14:11 PM

Wednesday, January 11, 2017 4:14:11 PM

Post# of 111920
Well I can only assume resistance since it's at the resistance at 13's
MM's see this and start to prepare for a breakout by stacking the ask at 14's
But since we've hit 13's and failed twice before and now we're testing again it's bound to push through.
Most of the time when stocks test resistance lvls, they will most likely fall a little at resistance and see if there is the "right" amount of liquidity to breakout. Chances are pretty decent from here to keep pushing higher especially since there was 100mm+ shares exchanging hands and only 1 tick down. If it was down below trips today I would have been concerned but here look like a little sideways action before the next push.
IMHO

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