$SOXLB breaks its 24-hour high: current price 82.78, previous high 82.4.
After the breakout, two key things to watch:
· Whether the previous high of 82.4 turns from resistance into support (holds on a retest)
· Whether trading volume increases during the breakout—a breakout on low volume can easily turn out to be false
What reasons do you have for going long or short?
After the breakout, two key things to watch:
· Whether the previous high of 82.4 turns from resistance into support (holds on a retest)
· Whether trading volume increases during the breakout—a breakout on low volume can easily turn out to be false
What reasons do you have for going long or short?
