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Message: believe it or not

Makes sense. There will be selling at each plateau. Some folks will grab a few bucks along the way.

Incidentally, the following is a paste describing the relationship between the volume of bid and ask.

"As previously mentioned, bid/ask prices are always posted with corresponding bid and ask sizes, which serve as measures of the strength and depth of the bid/ask prices. They tell us about the supply/demand pressures on a stock at a given moment. We can summarize important Bid/Ask size concerns as follows:

  • A large bid size indicates a strong demand for the stock.
  • A large ask size shows that there’s a large supply of the stock.
  • If the bid size is significantly larger than the ask size, then the demand for the stock is larger than the supply of the stock; therefore, the stock price is likely to go up.
  • If the ask size is significantly larger than the bid size, then the supply of the stock is larger than the demand for the stock; therefore, the stock price is likely to drop."

Currently, the ask to bid volume is roughly 2:1 indicating sell pressure.

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