Volume & Price Notes | $IDOL
A six-month high + twice the average daily trading volume technically counts as a “high-volume breakout.”
A high on strong volume is more credible than one on declining volume, but an excessively sharp volume surge could also mean long-time holders are using the opportunity to exit. Watch the next few days: can trading volume stay above average, or will it contract again after just one day?
Volume-price confirmation indicates probability, not certainty.
A six-month high + twice the average daily trading volume technically counts as a “high-volume breakout.”
A high on strong volume is more credible than one on declining volume, but an excessively sharp volume surge could also mean long-time holders are using the opportunity to exit. Watch the next few days: can trading volume stay above average, or will it contract again after just one day?
Volume-price confirmation indicates probability, not certainty.