Follow the money: $GPS 15-minute plunge of 6.05%
To assess the strength of the selling, I first watch for two things:
· Whether there are clusters of aggressive sell orders during the decline
· Whether large buy orders step in to absorb the selling once the price falls
For reference: 24h trading volume is $3.09 million, up 6.8% over 24h. If both are present, it’s often a shakeout; if only the first is, be wary of further selling pressure.
#GPS
To assess the strength of the selling, I first watch for two things:
· Whether there are clusters of aggressive sell orders during the decline
· Whether large buy orders step in to absorb the selling once the price falls
For reference: 24h trading volume is $3.09 million, up 6.8% over 24h. If both are present, it’s often a shakeout; if only the first is, be wary of further selling pressure.
#GPS