$KGEN hits a new 7-day high: current price 0.1085, previous high 0.1078.
After the breakout, two key things to watch:
· Whether the previous high of 0.1078 turns from resistance into support (holds on a retest)
· Whether the breakout is backed by volume; a breakout on low volume can easily turn into a bull trap
What signals would you look for before making a move?
After the breakout, two key things to watch:
· Whether the previous high of 0.1078 turns from resistance into support (holds on a retest)
· Whether the breakout is backed by volume; a breakout on low volume can easily turn into a bull trap
What signals would you look for before making a move?
