103185892
:
It's a manipulation tactic used by large institutions that have the capital to affect share price. If you have access to level III, you can see all the orders waiting to be filled at every price point. You'll sometimes see a VERY large order waiting to be filled at a specific limit price. This level will act as support or resistance, but sometimes this massive order will suddenly disappear (cancelled) and the price will rise or fall accordingly very quickly. It happens all the time.
103185892 : It's a manipulation tactic used by large institutions that have the capital to affect share price. If you have access to level III, you can see all the orders waiting to be filled at every price point. You'll sometimes see a VERY large order waiting to be filled at a specific limit price. This level will act as support or resistance, but sometimes this massive order will suddenly disappear (cancelled) and the price will rise or fall accordingly very quickly. It happens all the time.