Tai Sin Electric has been on my watch list for quite some time and I have been hesitating to buy it since my last analysis on it as the stock price as been rather stagnant at $0.44. (Read more at My Personal Analysis of Tai Sin Electric Limited).

Today, I learn something new today called “Market Depth“. Above is a screen shot of the Market Depth of Tai Sin Electric Limited on 26th May 2017. On the left hand side of the above picture is the bid price and bid volume or in simple terms we call it as “buyers”. On the right hand side is the ask price and ask volume aka “Sellers”. The green colored cells represent the possible support level at S$0.425 and the red colored cells represents the possible resistance level at $0.460.

From the above picture, it shows that …