Volume leads price. $A 1-hour volume ratio: 8.2; trading volume: $5.06 million; price: +5.33%.
A surge in volume accompanying a price rally—and sustained high volume over the next few periods—makes the trend more likely to continue.
Be cautious of a pullback when prices spike on low volume; a breakout confirmed by strong volume is what counts.
A surge in volume accompanying a price rally—and sustained high volume over the next few periods—makes the trend more likely to continue.
Be cautious of a pullback when prices spike on low volume; a breakout confirmed by strong volume is what counts.