Can you make a general assessment of the next days' potential direction by observing the value of the premarket sentiment in the pricing and quantity of the security's units.
I noticed in TMA for example, that there were a lot of units purchased at 0.50 premarket Fri.29th Aug.
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[I don't understand the ins and outs of what takes place so I'm not sure of what terms to use like ask or bid... which I would like to understand better.]
In the first 15 minutes of trading, a candle gapped right up to 0.50 on good volume then traded in the other areas of premarket unit prices.
Lets just say that you wanted to sell at the best price on the following day at 0.50. Could you actually do it. And how difficult would it be to exit at that price?
So, those who are familiar with this premarket activity, is there a treasure of information to be found by the day trader?
Also, what is the difference in premarket and aftermarket trading/ask/bid....
It would be greatly appreciated to have some help in understanding this, thanks.