$ARIA 1-hour trading volume was about $23 million, 84.4 times the previous average; the price rose 47.42% over the same period.
While we're on the subject, let's talk about volume spikes.
When looking at volume, consider it alongside the candlestick: where the price closes and how long the wicks are usually tell you more than the trading volume alone.
I treat a volume spike as a signal worth paying attention to, not a reason to jump in immediately. I let the price show me the direction.
Extreme readings usually come with more dramatic swings, so it’s even more important to reduce your position rather than add to it.
While we're on the subject, let's talk about volume spikes.
When looking at volume, consider it alongside the candlestick: where the price closes and how long the wicks are usually tell you more than the trading volume alone.
I treat a volume spike as a signal worth paying attention to, not a reason to jump in immediately. I let the price show me the direction.
Extreme readings usually come with more dramatic swings, so it’s even more important to reduce your position rather than add to it.