$SOXLB has risen above the 24-hour high: the current price is 99.96, and the previous high was 98.58.
After the breakout, there are two key things to watch:
· Whether 98.58, the previous high, turns from resistance into support (holds on a retest)
· Whether trading volume increased during the breakout—a breakout on low volume can easily turn into a bull trap
What signal are you waiting for before making a move?
After the breakout, there are two key things to watch:
· Whether 98.58, the previous high, turns from resistance into support (holds on a retest)
· Whether trading volume increased during the breakout—a breakout on low volume can easily turn into a bull trap
What signal are you waiting for before making a move?