$QNT breaks below its 24-hour low: current price 240.16, previous low 242.05.
After the breakdown, watch two things:
· Whether the previous low of 242.05 turns from support into resistance (the rebound fails to break above it)
· Whether trading volume increases during the breakdown; a low-volume break may be a false breakdown
Which signal do you consider more important?
#QNT
Do your research before placing an order.
After the breakdown, watch two things:
· Whether the previous low of 242.05 turns from support into resistance (the rebound fails to break above it)
· Whether trading volume increases during the breakdown; a low-volume break may be a false breakdown
Which signal do you consider more important?
#QNT
Do your research before placing an order.