Naturally Splendid Enterprises Ltd V.NSP.H

RE:open orders above .32

[BlazzingK]

It's called institutionnal resistance level. We have such things at .30-.32-.33-.34. The ones higher then that would probably be people (like me) who put open orders way up so banks can't use your shares to short the title. 

Technically speaking, whenever u have a doji star or a day that comes off 50%(or more) of it's high or low, you have a resistance level that gets created. (high or low).

It's a few things you learn over time that help out alot. Let's say news comes out, those resistance levels will disapear, and we'll blow right through them (institutions and funds will remove them before retail can take them out). Otherwise, you have the other option which is, that retail investors accompanied by institutions/investment funds, eat through the resistance levels slowly and once you get passed them, the price sky rockets to the next big resistance (around .44-.45 if I remember correctly)