erb71
$MGN Just a trade with a value of ~$41 (0.1354*300) was capable to increase the on-screen price by ~8.6%. Given that a subset of Level2 data shows the ask size above $0.55 constitutes a portion higher than 80% of the subset's total ask size, and if it is a proxy for the ask distribution of all the order books, it may suggest a high price elasticity with respect to the order flow, where even a limited quantity of demand, either from shorts covering or bargain hunters, may trigger potentially substantial moves. (nfa, dyodd) $RETO $MEDS
2
2
