Follow the money: $UAI loses the 0.15 level
Key levels often have a large number of stop-loss orders clustered around them, and big players love to make their move in these areas: either they push the price below the level to trigger stop-losses, then recover it, or they follow through and drive it lower. To tell the two apart, see which way trading volume is tilted near the price level.
Key levels often have a large number of stop-loss orders clustered around them, and big players love to make their move in these areas: either they push the price below the level to trigger stop-losses, then recover it, or they follow through and drive it lower. To tell the two apart, see which way trading volume is tilted near the price level.