Tuesday, February 19, 2013 4:32:49 PM
Look at the chart below where I drew the line. .01 was tested few days ago before MA10 came to be .01! and by now ERBB has tested .01 several times.
The fact that MA10 happens to be .01, makes this support even stronger based on the the fact that .01 was established as the support days earlier.
Also if you did notice the L2, there were several MMs with huge bids, several millions for each MM. And that 5 Million was probably one of the bids that later decided to grab the shares on the ask as he thought the stock would never test .01 again.
Also, the support was so strong that 99% of the time ERBB was trading above it at .0101+
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