$BAT 1-hour trading volume was approximately $5.38 million, 8.6 times the previous average; the price rose 6.97% over the same period.
Let’s use this figure to break down the surge in trading volume.
Trading volume is often called the fuel of a market move: for a move to continue, it generally needs ongoing volume to support it. But this is a rule of thumb, not a law.
Whether a breakout is accompanied by a spike in volume is often seen as one way to distinguish a genuine breakout from a false one: breakouts on declining volume are more likely to fail.
Leave enough room in leveraged positions. Don’t let one sudden swing force you out of a trade.
#BAT
Stay calm, and don’t get carried away.
Let’s use this figure to break down the surge in trading volume.
Trading volume is often called the fuel of a market move: for a move to continue, it generally needs ongoing volume to support it. But this is a rule of thumb, not a law.
Whether a breakout is accompanied by a spike in volume is often seen as one way to distinguish a genuine breakout from a false one: breakouts on declining volume are more likely to fail.
Leave enough room in leveraged positions. Don’t let one sudden swing force you out of a trade.
#BAT
Stay calm, and don’t get carried away.