Why does this happen ? Please help

C

cashclay

ONCS - FLOAT - 16 million
Current day Vol - 60 million
I very curious as to why a stock just suddenly drops. I have circled it in blue and very confused by this price action .
The float rotated about 3 and ahalf times . For some reason everytime it hits some sort of resistance it just plunges.
I was thinking perhaps it was the buyers dumping their shares but Im not sure.
Please if anyone can explain this to me. Im a newbie just trying to learn . Thank you
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another viewpoint...

what you term as "dumping shares" could just be a lack of buyers.
The inverse is also true... some "pops" could just be a lack of sellers.
 
SunTrader said:
The opening price of a key breakaway candlestick is often future support/resistance:-
View attachment 262730
More...
Nice.
Tripple Top, 3 Falling Methods at resistance continuation pattern down to prior support.
Price takes a ride from 4 down to 3.40. Like Buttah.
Why did it do that?
Ask a Fundamental Trader, they pour over reams of information to figure this crap out.

Rising Three Methods Pattern
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-16#post-5178697
 
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