$AKE 1The hourly trading volume rose to 3.8 times the average, and the price was up 4.41%.
After a volume spike, I look at three things:
1) Price direction: both volume and price are rising
2) Whether the increased volume continues—a single high-volume candle can just be a spike
3) The high and low of the high-volume candle often become short-term turning points
What will you do if the price moves in the opposite direction next?
#AKE
This is for informational purposes only and does not constitute investment advice.
After a volume spike, I look at three things:
1) Price direction: both volume and price are rising
2) Whether the increased volume continues—a single high-volume candle can just be a spike
3) The high and low of the high-volume candle often become short-term turning points
What will you do if the price moves in the opposite direction next?
#AKE
This is for informational purposes only and does not constitute investment advice.