Quick thought: $MAGIC is up +5.04% in 5 minutes. My first instinct was to check the trading volume ($23.64 million over 24 hours).
Why check volume first? I’ve been burned before: a rally on low volume often reverses after a brief spike, and chasing it can leave you stuck holding the bag.
This time, the momentum looks fairly healthy, so it’s worth keeping an eye on.
What do you usually look at first when you see a rally?
Why check volume first? I’ve been burned before: a rally on low volume often reverses after a brief spike, and chasing it can leave you stuck holding the bag.
This time, the momentum looks fairly healthy, so it’s worth keeping an eye on.
What do you usually look at first when you see a rally?