$ELSA broke above its six-month high (0.09401) on heavy volume. Turnover was 9.7 times the 20-day average, and the current price is 0.09929.
A price breakout accompanied by heavy volume may indicate that buyers are willing to trade at higher prices, while holders caught near the previous high are being shaken out.
Watch for two signs of confirmation: the daily close stays above 0.09401; and the price holds when it retests the previous high, which then acts as support.
A price breakout accompanied by heavy volume may indicate that buyers are willing to trade at higher prices, while holders caught near the previous high are being shaken out.
Watch for two signs of confirmation: the daily close stays above 0.09401; and the price holds when it retests the previous high, which then acts as support.