Spotting the Ax Who is Selling When the market is moving up nicely and a stock has a lot of new money coming into it, but it is hard even moving up. It seems to be meeting strong resistance at the same MM on the ask over and over. Then, when the stock turns negative, it quite easily falls. This is a strong sign that an ax is controling things from the ask side. This is very bearish for the stock.
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When HDSN starts supporting the bid, we move up. I suspect that will be the day before a PR. All IMO.