$STRK fell below the 0.1 level, with the current price at 0.09787.
Near key price levels, I usually look at three things:
① Holding above: an intraday dip below doesn’t count; only a close below 0.1 is a real breakdown;
② Rebound: when it bounces back to around 0.1, can it regain that level? If not, support has turned into resistance;
③ Volume: when it breaks below, does trading volume pick up? Breaks on weak volume are easier to reverse.
Near key price levels, I usually look at three things:
① Holding above: an intraday dip below doesn’t count; only a close below 0.1 is a real breakdown;
② Rebound: when it bounces back to around 0.1, can it regain that level? If not, support has turned into resistance;
③ Volume: when it breaks below, does trading volume pick up? Breaks on weak volume are easier to reverse.