$AXS volume is 0.5x its weekly average. Here is why that matters more than price
Most traders stare at the ticker and miss the engine powering it
Right now $AXS sits at 1.1680 down 0.4 percent over the day
The 24 hour volume is sitting at 1.9M dollars
That is half of what trades on an average day this week
When price moves on low volume it usually means nobody cares yet
You check this ratio yourself by opening any chart and dividing the daily bar by the seven day average line
If the number is below one like here you know the move lacks fuel
What is your favorite filter to avoid fake moves on quiet days?
#AXS #TradingTips
Most traders stare at the ticker and miss the engine powering it
Right now $AXS sits at 1.1680 down 0.4 percent over the day
The 24 hour volume is sitting at 1.9M dollars
That is half of what trades on an average day this week
When price moves on low volume it usually means nobody cares yet
You check this ratio yourself by opening any chart and dividing the daily bar by the seven day average line
If the number is below one like here you know the move lacks fuel
What is your favorite filter to avoid fake moves on quiet days?
#AXS #TradingTips