alvin... every sell is matched by a buy. don't know about you, but i try and buy at the bid and sell at the ask. ergo... those trades at the ask were not necessarily buys as much as they were transactions at the ask.
as for the price itself, what we're seeing here is a backfill of the chart. when this broke the .0008 x .0009 deadlock it ran to the .00014-.0017 area of resistance and did not pull back. what happened to trading at .001 and .0011? for an upmove to continue, a higher based platform has to have a basis of support. after a breakout, resistance broken must ultimately be tested as support. until then, it is a potential weak link, and in this game, the market, MMs, traders, chartists, etc, all can and will smell blood before it bleeds.
volume wise, stock traded 350 million shares in the last seven days. for what this has been trading, that's a relatively large tranche. iow, it's prolly gonna take a lot more volume than this, or even Fridays to truly tank this. on my charts, this looks like a low volume consolidation period.
ICTY is testing the 20ma at .0011. the next test will prolly be the initial breakout point of .001. reality is, there might even be a buy available here as low as .0008. and that's why is usually suggested to not enter all at once -- the idea being to leave funds available for moments like this. it's all in how the game is played.
good luck to ALL
rich
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