$LUMIA has broken through its 24-hour high: the current price is 0.0821, above the previous high of 0.0816.
After the breakout, there are two key things to watch:
· Whether the previous high of 0.0816 can turn from resistance into support (holding on a retest)
· Whether trading volume increases during the breakout—a breakout on low volume can easily turn out to be a false breakout
What do you think at this stage?
After the breakout, there are two key things to watch:
· Whether the previous high of 0.0816 can turn from resistance into support (holding on a retest)
· Whether trading volume increases during the breakout—a breakout on low volume can easily turn out to be a false breakout
What do you think at this stage?
