Watch the fund flows: $PHA has fallen below the 0.06 level.
There are often clusters of resting orders around price levels like this, and big players love to make their move there: either push the price below the level to trigger stop-losses, then reclaim it, or follow through and drive it lower. To tell the difference, watch which side is dominating trading activity above and below the level.
There are often clusters of resting orders around price levels like this, and big players love to make their move there: either push the price below the level to trigger stop-losses, then reclaim it, or follow through and drive it lower. To tell the difference, watch which side is dominating trading activity above and below the level.