$VVV has fallen below the 7-day low: current price 24.718, previous low 25.014.
After the breakdown, watch two things:
· Whether the previous low of 25.014 turns from support into resistance (price fails to break back above it on a rebound)
· Whether trading volume picks up on the break; a low-volume break may just be a bear trap
Will the market reverse course next?
#VVV
Markets involve risk; invest with caution.
After the breakdown, watch two things:
· Whether the previous low of 25.014 turns from support into resistance (price fails to break back above it on a rebound)
· Whether trading volume picks up on the break; a low-volume break may just be a bear trap
Will the market reverse course next?
#VVV
Markets involve risk; invest with caution.