$BNCB failed to hold the 7-day low: current price 4.88, previous low 4.94.
After the breakdown, watch two things:
· Will the previous low of 4.94 turn from support into resistance (will a rebound fail to break above it)?
· Was there a surge in volume during the breakdown? A low-volume break could just be a bear trap.
What do you think happens next?
#BNCB
After the breakdown, watch two things:
· Will the previous low of 4.94 turn from support into resistance (will a rebound fail to break above it)?
· Was there a surge in volume during the breakdown? A low-volume break could just be a bear trap.
What do you think happens next?
#BNCB
