$OP 90 A new daily high—but did money flow in or out on this move?
Two things are clear: trading volume reached 2.3 times the daily average, and the price broke above 0.1516.
Rising volume and price generally suggest more aggressive buying, but large investors usually don’t build their entire positions in a single high-volume day. What happens over the next few days, when volume contracts and the price pulls back to retest, will be more telling.
What’s the key level in your mind?
#OP
Two things are clear: trading volume reached 2.3 times the daily average, and the price broke above 0.1516.
Rising volume and price generally suggest more aggressive buying, but large investors usually don’t build their entire positions in a single high-volume day. What happens over the next few days, when volume contracts and the price pulls back to retest, will be more telling.
What’s the key level in your mind?
#OP