$TSLAB hit a 24-hour high: current price 366.88, previous high 364.21.
After the breakout, focus on two things:
· Whether the previous high of 364.21 can turn from resistance into support (holding on a retest)
· Whether trading volume increased during the breakout; breakouts on low volume often turn into bull traps
Which direction do you favor?
After the breakout, focus on two things:
· Whether the previous high of 364.21 can turn from resistance into support (holding on a retest)
· Whether trading volume increased during the breakout; breakouts on low volume often turn into bull traps
Which direction do you favor?