$UAI has fallen below the 0.12 level; the current price is 0.0965.
Near key price levels, I usually look at three things:
① Close: An intraday dip below doesn’t count; it’s a genuine break only if the entire candlestick closes below 0.12.
② Rebound: Can the price reclaim the area around 0.12 on a rebound? If it can’t close back above, the reversal is complete.
③ Volume: Did volume pick up during the breakdown? Breaks on low volume are more likely to be reversed.
#UAI
Near key price levels, I usually look at three things:
① Close: An intraday dip below doesn’t count; it’s a genuine break only if the entire candlestick closes below 0.12.
② Rebound: Can the price reclaim the area around 0.12 on a rebound? If it can’t close back above, the reversal is complete.
③ Volume: Did volume pick up during the breakdown? Breaks on low volume are more likely to be reversed.
#UAI
