$CLANKER 90After hitting a new high today, there are usually three possible paths:
① Pull back to 17.52 and hold, with the previous high turning into support; ② Consolidate near the highs as volume gradually tapers off; ③ Fall back below 17.52, making it a false breakout.
The current price is 18.56, still above the previous high, so it’s too early to tell which scenario will play out. Trading volume this time was 83.5 times the 20-day average, so whether volume holds up going forward is crucial.
Describe your current view in one word?
#CLANKER
① Pull back to 17.52 and hold, with the previous high turning into support; ② Consolidate near the highs as volume gradually tapers off; ③ Fall back below 17.52, making it a false breakout.
The current price is 18.56, still above the previous high, so it’s too early to tell which scenario will play out. Trading volume this time was 83.5 times the 20-day average, so whether volume holds up going forward is crucial.
Describe your current view in one word?
#CLANKER
