Retweeting this because it is a perfect example of how this type of manipulation happens. People always ask me how do you read the tape or how did you know it would bounce. Identifying hidden sellers and when they exhaust is something that takes practice but very easy to spot. https://twitter.com/Thrackx/status/1349484394436820994
The seller flashed their size just a second ago. It was 64k shares. So they are still there. They may let it bounce a little before selling more or just try to take it down again. Just watch it.
The seller is clearly huge. They have soaked over half a million shares here after hours. There is a good chance they exhaust out at some point here. That is when it will bounce decently.
Notice $10.40's holding for now. They have soaked over 1.5m shares since the sell off started. Like I said, they are a huge seller and they know what they are doing. If they continue to hold this level, my guess is we get a good bounce. They are buying up weak hands.