$FIL has fallen below the 1.15 level, with the current price at 1.1465.
Near key price levels, I usually look at three things:
① Closing price: An intraday break doesn’t count; it’s only a confirmed break if the price closes below 1.15.
② Rebound: Can the price reclaim the 1.15 area on a rebound? If it can’t, support has turned into resistance.
③ Volume: Did volume pick up during the break? A break on low volume may be a false one.
Near key price levels, I usually look at three things:
① Closing price: An intraday break doesn’t count; it’s only a confirmed break if the price closes below 1.15.
② Rebound: Can the price reclaim the 1.15 area on a rebound? If it can’t, support has turned into resistance.
③ Volume: Did volume pick up during the break? A break on low volume may be a false one.