$INJ volume is 0.6x its weekly average. Here is why that matters more than price
Most traders see $INJ up 3.5 percent today at $7.4060 and assume buyers are stepping in heavily
They are looking at the wrong indicator
Today the volume is sitting at $6.2M which is 0.6x the 7 day average
That means price is moving higher on below average participation
A rally with weak volume is just an empty room
Anyone can push a quiet market up a bit because nobody is selling into them
Real strength leaves footprints in the order book
When volume is low like this the move usually lacks staying power
You check this ratio yourself by dividing today the volume by the weekly average on your chart
Do you trust a price move when the volume is this low?
#INJ #TradingTips
Most traders see $INJ up 3.5 percent today at $7.4060 and assume buyers are stepping in heavily
They are looking at the wrong indicator
Today the volume is sitting at $6.2M which is 0.6x the 7 day average
That means price is moving higher on below average participation
A rally with weak volume is just an empty room
Anyone can push a quiet market up a bit because nobody is selling into them
Real strength leaves footprints in the order book
When volume is low like this the move usually lacks staying power
You check this ratio yourself by dividing today the volume by the weekly average on your chart
Do you trust a price move when the volume is this low?
#INJ #TradingTips