A genuine breakout is usually accompanied by increased volume, while a false breakout often lacks volume. This is one of the criteria I pay close attention to.
For example: $EVAA —a sharp 2.38% drop over 5 minutes to 1.5419. Before chasing, think through your exit plan; don't rush in with a large position.
Just my personal opinion. Don't treat it as a basis for buying or selling.
For example: $EVAA —a sharp 2.38% drop over 5 minutes to 1.5419. Before chasing, think through your exit plan; don't rush in with a large position.
Just my personal opinion. Don't treat it as a basis for buying or selling.
