A new 24-hour high has been set at $SOXLB 24.
24h +11.49%, current price 102.35, previous high 101.85.
Structurally, a new high suggests less selling pressure overhead and relatively light short-term resistance. But if the price quickly falls back below the previous high, beware of a bull trap. Which side are you on? Share your thoughts in the comments.
24h +11.49%, current price 102.35, previous high 101.85.
Structurally, a new high suggests less selling pressure overhead and relatively light short-term resistance. But if the price quickly falls back below the previous high, beware of a bull trap. Which side are you on? Share your thoughts in the comments.