$PHA breaks below its 7-day low: current price 0.0659, previous low 0.06707.
After the breakdown, watch two things:
· Whether the previous low of 0.06707 turns from support into resistance (price fails to break back above it on a rebound)
· Whether trading volume increases during the breakdown; a low-volume break may be a false breakdown
Bullish or bearish?
For market-tracking purposes only. Please make your own trading decisions.
After the breakdown, watch two things:
· Whether the previous low of 0.06707 turns from support into resistance (price fails to break back above it on a rebound)
· Whether trading volume increases during the breakdown; a low-volume break may be a false breakdown
Bullish or bearish?
For market-tracking purposes only. Please make your own trading decisions.