$SNDKB has fallen below the 1000 mark, with the current price at 992.78.
Around key price levels, I generally look at three things:
① Closing price: An intraday dip below doesn’t count; it’s a confirmed breakdown only if the close is below 1000;
② Rebound: Can it reclaim the area around 1000 on a rebound? If it can’t, that counts as a shift;
③ Volume: Does volume pick up during the breakdown? A drop on lower volume is more likely to be reversed.
#SNDKB
Around key price levels, I generally look at three things:
① Closing price: An intraday dip below doesn’t count; it’s a confirmed breakdown only if the close is below 1000;
② Rebound: Can it reclaim the area around 1000 on a rebound? If it can’t, that counts as a shift;
③ Volume: Does volume pick up during the breakdown? A drop on lower volume is more likely to be reversed.
#SNDKB