Technical note | $BIRB | 1-hour volume surged 7.2x | price rose 0.91%
Definition: When interpreting a surge in volume, read it together with price: where the price closes and how long the upper and lower wicks are often tell you more than volume alone.
A little more on how to read it: Signals are easier to interpret when volume and price move in the same direction. Divergences usually call for closer thought—for example, when the price rises while trading volume keeps shrinking.
Don’t derail your plan based on a single indicator, and don’t use borrowed money to test a hunch.
Definition: When interpreting a surge in volume, read it together with price: where the price closes and how long the upper and lower wicks are often tell you more than volume alone.
A little more on how to read it: Signals are easier to interpret when volume and price move in the same direction. Divergences usually call for closer thought—for example, when the price rises while trading volume keeps shrinking.
Don’t derail your plan based on a single indicator, and don’t use borrowed money to test a hunch.