Follow the money, not the talk: $AKE breaks through the 0.01 level
There are usually plenty of stop-loss orders clustered above and below key levels, and big players love to exploit these areas: they may use a high-volume breakout to push prices higher, or sell into buying from momentum chasers. To tell the difference, watch which side trading near the price level favors.
There are usually plenty of stop-loss orders clustered above and below key levels, and big players love to exploit these areas: they may use a high-volume breakout to push prices higher, or sell into buying from momentum chasers. To tell the difference, watch which side trading near the price level favors.