InspireMD Inc (NSPR)

[stocktrademan]

What I think is happening is people remember last October it made a 1 for 25 reverse split. This will reduce the float making it easier for the chart to move, but also causes people to be more cautious after the event.

On some systems they don't adjust for the split so it looks like it has a huge gap up and looks like it's going sideways. Both of these things might make people look elsewhere meanwhile. On other systems that factor in the split to the price, the chart looks like the chart is at the low band area yet slow moving.

In both cases I think people are waiting the consolidation out. There are probably a lot of alerts based on trendlines drawn on the recent peaks bullish (and also conversely on the lows bearish). Once these resistance levels are crossed then activity should pick up.

In the bullish case Lvl 2 should then show buying at the ask instead of sitting at the bid since there is more interest and demand instead of a standoff as of now. So for now it's just chop and consolidation until then imho...Event driven by trendline breaks...