From a capital-flow perspective: a sharp 3.06% surge over $WAL 5 minutes
To gauge the quality of the buying, I’d first watch for two things:
· Were there clusters of large buy orders during the surge?
· Were large sell orders coming in after the price reached a high?
For reference: 24h trading volume was $48.13 million, up 20.02% over 24h. If the first condition holds and the second doesn’t, then the rally is genuinely supported by buyers.
This is not a recommendation. Make your own trading decisions.
To gauge the quality of the buying, I’d first watch for two things:
· Were there clusters of large buy orders during the surge?
· Were large sell orders coming in after the price reached a high?
For reference: 24h trading volume was $48.13 million, up 20.02% over 24h. If the first condition holds and the second doesn’t, then the rally is genuinely supported by buyers.
This is not a recommendation. Make your own trading decisions.