Chip flows are shifting: $UAI 1-hour surge of 11.7%
To figure out who’s buying, I’d first watch two things:
· Are there consecutive aggressive buy orders during the rally?
· Do large sell orders start appearing once the price moves higher?
For reference: 24h trading volume: $86.3 million; 24h change: +57.72%. Only if the first condition holds and the second doesn’t can we say this rally is being driven by buying pressure.
To figure out who’s buying, I’d first watch two things:
· Are there consecutive aggressive buy orders during the rally?
· Do large sell orders start appearing once the price moves higher?
For reference: 24h trading volume: $86.3 million; 24h change: +57.72%. Only if the first condition holds and the second doesn’t can we say this rally is being driven by buying pressure.
