Green Oasis (GRNO)

[techtrade]

If there are a lack of buyers, then why the two bids at .08? Why did they raise it from .078? Do they not really want the shares? Why is the bid side more dense than the sell side?

And are you really inferring a trend from a .002 intraday move? Are you not familiar with the concepts of support and resistance? If .082 is resistance and .08 is support, do you really think a trend has been established today?


BTW, I've hit my max posts for the day so I'm outtie.

* I've got a few minutes of edit time left so I'll use them up

LOL, sorry, to me 2 buyers doesn't express a lot of confidence

.

More confidence demonstrated from the buyers than the one seller.

Here's the real clue though. The ask is $.0805. So for every 10k shares a buyer wants, to move up to the ask will cost them $5. On an $800 buy. Now look at how many $.0805 shares traded and how many $.08 did.

By the same token, that seller at .0805 could just as easily accept the $5 less and sell at .08 but he's not willing to do so. And I'll point out all those shares traded at .08 and the bid is still thicker than the ask. When the reverse happens and the price gets bid up you don't see the ask sitting where it was hours ago.