$INJ broke through the 9 level, with the current price at 9.014.
Near key price levels, I usually look at three things:
① Close: An intraday move above the level doesn’t count; it’s a valid breakout only if the entire candlestick closes above 9.
② Retest: Can the price hold when it pulls back to around 9? If it does, that confirms the reversal.
③ Volume: Did trading volume increase during the breakout? A breakout on low volume is more likely to be reversed.
#INJ
Near key price levels, I usually look at three things:
① Close: An intraday move above the level doesn’t count; it’s a valid breakout only if the entire candlestick closes above 9.
② Retest: Can the price hold when it pulls back to around 9? If it does, that confirms the reversal.
③ Volume: Did trading volume increase during the breakout? A breakout on low volume is more likely to be reversed.
#INJ