$SPCXB broke through the 150 level, with the current price at 150.74.
Near key price levels, I tend to watch three things:
① Holding above: An intraday move above the level doesn’t count on its own; it’s a valid breakout only if the entire candlestick closes above 150.
② Retest: Can the price hold near 150 on a pullback? If so, resistance has turned into support.
③ Volume: Did volume increase during the breakout? A breakout on lower volume is more likely to be reversed.
#SPCXB
This is not investment advice or a recommendation to buy or sell. You assume all risks.
Near key price levels, I tend to watch three things:
① Holding above: An intraday move above the level doesn’t count on its own; it’s a valid breakout only if the entire candlestick closes above 150.
② Retest: Can the price hold near 150 on a pullback? If so, resistance has turned into support.
③ Volume: Did volume increase during the breakout? A breakout on lower volume is more likely to be reversed.
#SPCXB
This is not investment advice or a recommendation to buy or sell. You assume all risks.