$MUB hits a 24-hour high: current price 930.83, previous high 923.27.
After the breakout, there are two key things to watch:
· Whether the previous high of 923.27 turns from resistance into support (holds on a retest)
· Whether trading volume increased during the breakout; a breakout on low volume can easily turn into a false breakout
What do you think?
After the breakout, there are two key things to watch:
· Whether the previous high of 923.27 turns from resistance into support (holds on a retest)
· Whether trading volume increased during the breakout; a breakout on low volume can easily turn into a false breakout
What do you think?