$KORUB Broke below the 30-day low: current price 10.4, previous low 10.43.
After the breakdown, watch two things:
· Will the previous low of 10.43 turn from support into resistance (will the rebound fail to break above it)?
· Was there a surge in volume during the break? A break on low volume may be a false breakdown.
Share your view in the comments, and we’ll review it later.
#KORUB
For record-keeping and sharing only; not investment advice.
After the breakdown, watch two things:
· Will the previous low of 10.43 turn from support into resistance (will the rebound fail to break above it)?
· Was there a surge in volume during the break? A break on low volume may be a false breakdown.
Share your view in the comments, and we’ll review it later.
#KORUB
For record-keeping and sharing only; not investment advice.