$FIL hits a new 24-hour high: current price 1.2002, previous high 1.1878.
After the breakout, two key things to watch:
· Whether the previous high of 1.1878 turns from resistance into support (holds on a retest)
· Whether the breakout is accompanied by volume; breakouts on low volume often turn into bull traps
What will you do if it reverses later?
For record-keeping only, not trading advice.
After the breakout, two key things to watch:
· Whether the previous high of 1.1878 turns from resistance into support (holds on a retest)
· Whether the breakout is accompanied by volume; breakouts on low volume often turn into bull traps
What will you do if it reverses later?
For record-keeping only, not trading advice.