$ON broke through the 0.19 level.
A breakout is more reliable when trading volume picks up as the price moves above it; a low-volume rise has a good chance of pulling back.
A genuine breakout is often accompanied by increased volume, while a false breakout often lacks volume. This is the filter I use most often.
A breakout is more reliable when trading volume picks up as the price moves above it; a low-volume rise has a good chance of pulling back.
A genuine breakout is often accompanied by increased volume, while a false breakout often lacks volume. This is the filter I use most often.