๐ $SOXLB broke below its 7-day low, and selling pressure hasn't let up.
Current price: 122.33, below the previous low of 125.39; 24-hour trading volume: $9.56 million.
A large number of long-position stop-loss orders are often placed below the previous low, and a break below it could trigger a cascade of liquidations. Watch for signs of large buyers stepping in at lower levels.
Current price: 122.33, below the previous low of 125.39; 24-hour trading volume: $9.56 million.
A large number of long-position stop-loss orders are often placed below the previous low, and a break below it could trigger a cascade of liquidations. Watch for signs of large buyers stepping in at lower levels.