$FLUID broke above its six-month high (2.574) on heavy volume. Trading value was 19.3 times the 20-day average, and the current price is 2.679.
A breakout accompanied by heavy volume may indicate that buyers are willing to trade at higher prices, while older positions near the previous high are being absorbed.
Watch for two signs of confirmation: the daily close stays above 2.574, and a pullback holds above this level, turning the previous high into support.
A breakout accompanied by heavy volume may indicate that buyers are willing to trade at higher prices, while older positions near the previous high are being absorbed.
Watch for two signs of confirmation: the daily close stays above 2.574, and a pullback holds above this level, turning the previous high into support.