$ACE has fallen below its 30-day low: the current price is 0.1358, compared with the previous low of 0.1359.
After the breakdown, watch two things:
· Whether the previous low of 0.1359 turns from support into resistance (the price fails to break back above it on a rebound)
· Whether trading volume increases during the drop; a low-volume break could be a false breakdown
How would you sum up your current view in one sentence?
After the breakdown, watch two things:
· Whether the previous low of 0.1359 turns from support into resistance (the price fails to break back above it on a rebound)
· Whether trading volume increases during the drop; a low-volume break could be a false breakdown
How would you sum up your current view in one sentence?
