Volume is a leading indicator of price. $UAI 15-minute volume ratio: 71.8; trading volume: $2.7 million; price: -4.12%.
With heavy-volume selling, don’t rush to buy in the short term. Wait for volume to subside and the price to stabilize.
A sharp drop is often followed by a bounce, but a bounce doesn’t mean a reversal.
Personal observations only; this is not advice.
With heavy-volume selling, don’t rush to buy in the short term. Wait for volume to subside and the price to stabilize.
A sharp drop is often followed by a bounce, but a bounce doesn’t mean a reversal.
Personal observations only; this is not advice.