For those that watch level II . Apply this reasoning to what you see on Level II and perhaps one can determine the direction of this stocks future.
Demand/Supply at a Glance: Bid/Ask Sizes
As previously mentioned, bid/ask prices are always posted with corresponding bid and ask sizes, which serve as measures of the strength and depth of the bid/ask prices. They tell us about the supply/demand pressures on a stock at a given moment. We can summarize important Bid/Ask size concerns as follows:
A large bid size indicates a strong demand for the stock. A large ask size shows that there’s a large supply of the stock. If the bid size is significantly larger than the ask size, then the demand for the stock is larger than the supply of the stock; therefore, the stock price is likely to go up. If the ask size is significantly larger than the bid size, then the supply of the stock is larger than the demand for the stock; therefore, the stock price is likely to drop.
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