$TIA broke above its six-month high (0.5379) on heavy volume. Turnover was 1.9 times the 20-day average, and the current price is 0.6014.
A breakout accompanied by heavy volume may indicate that buyers are willing to step in at higher prices, while shares held by earlier buyers near the previous high are being absorbed.
Watch for two confirmations: the daily close stays above 0.5379; and the price holds on a retest of the previous high, which then becomes support.
#TIA
This view could be wrong at any time. Please manage your own risk.
A breakout accompanied by heavy volume may indicate that buyers are willing to step in at higher prices, while shares held by earlier buyers near the previous high are being absorbed.
Watch for two confirmations: the daily close stays above 0.5379; and the price holds on a retest of the previous high, which then becomes support.
#TIA
This view could be wrong at any time. Please manage your own risk.