Honestly, for a move like $RLC breaking out on volume to a one-year high, I usually don’t focus on the day itself—I look at the next two or three days.
The reason is simple: the 4.4x trading volume on the day is obvious to everyone. A real breakout will usually still hold above 1.1534 the next day, while a false breakout will quickly pull back.
Current price: 1.2252. I’ll note it for now and come back to check in a day or two. What’s your take? See you in the comments.
#RLC
Personal sharing only, not specific buy/sell advice.
The reason is simple: the 4.4x trading volume on the day is obvious to everyone. A real breakout will usually still hold above 1.1534 the next day, while a false breakout will quickly pull back.
Current price: 1.2252. I’ll note it for now and come back to check in a day or two. What’s your take? See you in the comments.
#RLC
Personal sharing only, not specific buy/sell advice.