Avid Bioservices Inc (CDMO)

[Protector]

You'll understand it quickly when you watch the Time & Sales of PPHM. Yesterday, with the up tick rule in place, you could clearly see that the complete day has been moved by players. Each uptick was immediately canceled out by 100 shares always from the same source.
At New-York lunch time the players went to eat :) and the stock was up to 15 until they came back and it was pulled to 2.12 again.
Notice also the coordination markers they put in Level 2. When the day started you could know the resistance was going to be organized at 2.12. There was one at 2.23 and I don't know if that is the other delimiting end. We'll see.

Also watch how there where no sellers in depth, majorly always only at the ask. The big volume that is waiting there all day keeps the stock from suddenly rising up on a big order hitting the sequential small volumes from a few hundred shares at the higher prices (it would take them hours to pull the price back if a large volume bid would park there after the rise).
I have seen a couple of orders of 10000 shares pass that did NOT appear at level 2, that means the market makers where involved and they where above the ask (can only be filled that way by a MM). So this is organized manipulation it means one must be careful.