$PROM has fallen below the 5 level, with the current price at 4.915.
Near key price levels, I usually look at three things:
① Closing price: An intraday break doesn’t count; it’s only a valid break if the close is below 5.
② Rebound: Can it climb back above 5 when it rebounds toward that level? If it can’t, support has turned into resistance.
③ Volume: Did trading volume increase during the break? A break on low volume is more likely to be reversed.
#PROM
This is not investment advice. You assume all risks.
Near key price levels, I usually look at three things:
① Closing price: An intraday break doesn’t count; it’s only a valid break if the close is below 5.
② Rebound: Can it climb back above 5 when it rebounds toward that level? If it can’t, support has turned into resistance.
③ Volume: Did trading volume increase during the break? A break on low volume is more likely to be reversed.
#PROM
This is not investment advice. You assume all risks.