Just a quick thought: $ACT broke above 0.01249, a level it hadn’t reached in the past 60 days, and trading volume surged to 9.2 times its usual level.
I used to chase whenever I saw a breakout on heavy volume, only to end up buying near the day’s high several times. These days, I wait for it to pull back and retest 0.01249, then consider buying if it holds.
As it happens, it’s now back in the range at 0.01203. I’ve seen plenty of moves like this before. Leave a comment and share your take.
I used to chase whenever I saw a breakout on heavy volume, only to end up buying near the day’s high several times. These days, I wait for it to pull back and retest 0.01249, then consider buying if it holds.
As it happens, it’s now back in the range at 0.01203. I’ve seen plenty of moves like this before. Leave a comment and share your take.