Volume–Price Notes | $MAGIC
A six-month high + 11 times the average daily trading value: technically, that’s called a “high-volume breakout.”
A new high on strong volume is more reliable than one on shrinking volume, but an exceptionally sharp spike in volume could also mean long-time holders are using the opportunity to exit. Watch the next few days: can trading volume stay above average, or will it quickly fall back?
#MAGIC
Volatility is significant; use leverage within your means.
A six-month high + 11 times the average daily trading value: technically, that’s called a “high-volume breakout.”
A new high on strong volume is more reliable than one on shrinking volume, but an exceptionally sharp spike in volume could also mean long-time holders are using the opportunity to exit. Watch the next few days: can trading volume stay above average, or will it quickly fall back?
#MAGIC
Volatility is significant; use leverage within your means.