Ok loneeagle. Time to tap your wall street trading experience. Do you still have access to level 2 or market book.
Big ask just sitting at 1.25 the last couple days. Is this a wall someone setup for accumulation? Experienced traders don't advertise big sells, unless they expect it won't get triggered.
They sit in the wings and wait for the right conditions, then hit market order which have less restrictions and get filled quick at their price.
1.25 is an important level as someone mentioned previously an ascending triangle. We need to break through this level which will be very bullish.