$INJ hits a new 24-hour high: current price 7.513, previous high 7.385.
After the breakout, there are two key things to watch:
· Can the previous high of 7.385 turn from resistance into support (hold on a retest)?
· Was there a surge in volume during the breakout? A breakout on low volume can easily turn into a bull trap.
Do you think the market has overreacted?
Not a recommendation. Make your own decisions when buying or selling.
After the breakout, there are two key things to watch:
· Can the previous high of 7.385 turn from resistance into support (hold on a retest)?
· Was there a surge in volume during the breakout? A breakout on low volume can easily turn into a bull trap.
Do you think the market has overreacted?
Not a recommendation. Make your own decisions when buying or selling.