Big moves often show up in the trading volume:
$Q surged +2.56% in just 5 minutes, with the current price at 0.05258 and 24-hour trading volume at $108 million.
How does the fund flow look?
· The gains were concentrated in just 5 minutes, suggesting aggressive buying
· The 24-hour change is still -1.14%, which looks more like short covering
· Next, watch to see whether large orders follow through; if they don’t, gains could easily be given back
What do you think? Join the discussion in the comments.
$Q surged +2.56% in just 5 minutes, with the current price at 0.05258 and 24-hour trading volume at $108 million.
How does the fund flow look?
· The gains were concentrated in just 5 minutes, suggesting aggressive buying
· The 24-hour change is still -1.14%, which looks more like short covering
· Next, watch to see whether large orders follow through; if they don’t, gains could easily be given back
What do you think? Join the discussion in the comments.