$STX has hit a 7-day high: current price 0.3604, previous high 0.3593.
After the breakout, focus on two things:
Can the previous high of 0.3593 turn from resistance into support (hold on a pullback)?
Was there a spike in volume during the breakout? Breakouts on declining volume often turn into bull traps.
Are you convinced by these figures?
After the breakout, focus on two things:
Can the previous high of 0.3593 turn from resistance into support (hold on a pullback)?
Was there a spike in volume during the breakout? Breakouts on declining volume often turn into bull traps.
Are you convinced by these figures?