$INJ broke above the 30-day high: current price 8.869, previous high 8.832.
After a breakout, two things are key:
Can the previous high of 8.832 turn from resistance into support (hold on a retest)?
Was the breakout backed by volume? Breakouts on declining volume often turn out to be false breakouts.
Anyone who knows about this care to share their thoughts?
After a breakout, two things are key:
Can the previous high of 8.832 turn from resistance into support (hold on a retest)?
Was the breakout backed by volume? Breakouts on declining volume often turn out to be false breakouts.
Anyone who knows about this care to share their thoughts?