Keep getting interrupted at work, don't they know that I'm secretly posting about stocks that I'm secretly watching and secretly making many times my annual salary. GEEZ!
Somebody is working Level 2 ASK on TSNP Hard = Level 2 data shows the bid (buying price) and ask (selling price). Market makers (those who are buying and selling most of the orders you and I put in and then buying and selling them to other people) can raise or lower these to create or stop runs/dips.
Might be clearing the runway for some Friday Scalps or shorts exiting(unclear so far which one more) = TSNP had a run on Friday so people who want to scalp (sell for small to medium percentage gains instead of bearing the risk of long holds), or people who were shorting (betting on the stock to continue down having to cut losses)
but they're chopping down anything between 1.11 and 1.20. I'd expect a gap up to resistance and will either reject or confirm. = MM putting up a price on ask and it immediately getting bought, putting one higher and it happening again. When done before the market is open to retail, in ask this can cause the price to shoot up right away, on bid it can cause an opening dip. That may have no correlation to the actual movement. It's sometimes done so people can exit a position.
If it can break through probably a very green candle until 1.30s if reject all I'm looking for is to keep it above $1 all day today (of which I'm pretty confident, but then again I didn't think we'd see under $1 again much less $0.70s) = Candles are how many people view stock charting. The body of the candle represents the majority of the trades the "wick" shows peaks and troughs. Resistance is mental (hitting benchmarks like .01, $1 etc) people love setting sells on these because they feel like they achieved something or because they fear something happening when it drops below. Resistance in volume means areas where lots of people have entry on previous action. This is particularly helpful on a stock recovering after a dip like TSNP is, because you can see where people are buying or getting out. The gaps between can explain runs or dips.
Hope that was helpful!