$STRK After reaching a six-month high, there are roughly three possible paths from here:
① Pull back to 0.06367 and hold, turning the previous high into support; ② Consolidate at elevated levels as volume gradually declines; ③ Fall back below 0.06367, making it a false breakout.
The current price is 0.06856, still above the previous high, and it’s too early to tell which scenario will play out. Trading volume this time was four times the 20-day average, so whether volume can remain strong will be crucial.
If it were you, would you make a move or wait a little longer?
For the record only; not investment advice.
① Pull back to 0.06367 and hold, turning the previous high into support; ② Consolidate at elevated levels as volume gradually declines; ③ Fall back below 0.06367, making it a false breakout.
The current price is 0.06856, still above the previous high, and it’s too early to tell which scenario will play out. Trading volume this time was four times the 20-day average, so whether volume can remain strong will be crucial.
If it were you, would you make a move or wait a little longer?
For the record only; not investment advice.