$BAT broke above its six-month high (0.1394) on heavy volume. Turnover was 15.4 times the 20-day average, and the current price is 0.1486.
A price breakout accompanied by heavy volume may indicate that buyers are willing to trade at higher prices, while selling pressure from holders trapped near the previous high is being absorbed.
Watch for two signs of confirmation: the daily close stays above 0.1394; and a pullback holds above this level, confirming that the previous high has turned into support.
#BAT
Markets involve risk. Trade with caution.
A price breakout accompanied by heavy volume may indicate that buyers are willing to trade at higher prices, while selling pressure from holders trapped near the previous high is being absorbed.
Watch for two signs of confirmation: the daily close stays above 0.1394; and a pullback holds above this level, confirming that the previous high has turned into support.
#BAT
Markets involve risk. Trade with caution.