Volume–price relationship watch | $ICNT
A 60-day high + turnover 35.5 times the daily average technically counts as a “high-volume breakout.”
A new high on strong volume is more credible than one on shrinking volume, but an excessively sharp surge in volume may also give longtime holders a chance to exit. Watch the next few days: can trading stay above the daily average, or will it fall back after just one day?
Volume–price confirmation is only a probability, not an answer.
#ICNT
A 60-day high + turnover 35.5 times the daily average technically counts as a “high-volume breakout.”
A new high on strong volume is more credible than one on shrinking volume, but an excessively sharp surge in volume may also give longtime holders a chance to exit. Watch the next few days: can trading stay above the daily average, or will it fall back after just one day?
Volume–price confirmation is only a probability, not an answer.
#ICNT