Follow the money: a sharp 1.84% surge in $MAGIC 5 minutes
To judge the strength of buying pressure, I’d first watch two things:
· Whether there are consecutive aggressive buy orders during the rally
· Whether large orders come in to sell once the price reaches a high
For reference: 24-hour trading volume is $76.86 million, up 20.32%. Only when the first is present and the second is absent can this rally be considered supported by capital.
This is just my personal opinion and should not be taken as a basis for buying or selling.
To judge the strength of buying pressure, I’d first watch two things:
· Whether there are consecutive aggressive buy orders during the rally
· Whether large orders come in to sell once the price reaches a high
For reference: 24-hour trading volume is $76.86 million, up 20.32%. Only when the first is present and the second is absent can this rally be considered supported by capital.
This is just my personal opinion and should not be taken as a basis for buying or selling.