$UAI has hit a 7-day high: current price 0.3116, previous high 0.3034.
After the breakout, focus on two things:
Whether the previous high of 0.3034 can turn from resistance into support (holding on a retest)
Whether trading volume picked up during the breakout—a breakout on low volume can easily turn out to be a false breakout
Which signal would you pay more attention to?
Just listen; don’t follow this blindly. Make your own decision.
After the breakout, focus on two things:
Whether the previous high of 0.3034 can turn from resistance into support (holding on a retest)
Whether trading volume picked up during the breakout—a breakout on low volume can easily turn out to be a false breakout
Which signal would you pay more attention to?
Just listen; don’t follow this blindly. Make your own decision.
