Yup...watching that closely as well. Looks like a test of the 50MA...lets see that play out. Still 50 cents off of the recent high. Same MM's now at 1.19 on the ASK.
As soon as NITE moved back up to 1.20 ( it had been sitting down at 1.26 letting ARCA and others carry the ASK), they dropped it to 1.19 after a few buys.
You could see it coming.
Remember this is a .50 drop on 8 million+ shares traded over 5 days ( and more than half of those are buys).
One 8 million volume day has only run us up .10-.12 cents
It is hovering around the 50dma which sits around 1.17 on the daily chart...50% retrace takes us down to 1.10...It's obvious they are shaking shares from those who bought in too high and stealing their shares on this walkdown...those who got trapped too high are sweating bullets right now and are selling...50dma should be strong support here...we shall see.... DAILY:
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