No hype, no bias: when a stock like $ICNT breaks above its 60-day high on heavy volume, I usually don’t focus on the day itself—I pay more attention to the next two or three days.
The reasoning is simple: everyone can see that trading volume surged to 35.5 times its usual level that day. A genuine breakout will generally stay above 0.1519 the following day, while a failed one will quickly retreat.
The current price is 0.16. I’ll make a note of it for now and check back in a couple of days. Share your thoughts in the comments.