$HANA 1-hour trading volume was about $6.2 million, 8.6 times the previous average; prices rose 12.18% over the same period.
Guys, what does a surge in volume mean? Here’s the short version.
A surge in volume on the minute chart can be random. High volume in one or two candlesticks may just be a cluster of trades; sustained high volume across several candles is more convincing.
Whether volume increases during a breakout is often considered one factor in judging whether the breakout is genuine or false: a move higher on low volume is more likely to reverse.
Understanding this indicator is about being less misled by numbers, not using it to predict tops and bottoms.
#HANA
Just use it as a reference—don’t take it all as gospel.
Guys, what does a surge in volume mean? Here’s the short version.
A surge in volume on the minute chart can be random. High volume in one or two candlesticks may just be a cluster of trades; sustained high volume across several candles is more convincing.
Whether volume increases during a breakout is often considered one factor in judging whether the breakout is genuine or false: a move higher on low volume is more likely to reverse.
Understanding this indicator is about being less misled by numbers, not using it to predict tops and bottoms.
#HANA
Just use it as a reference—don’t take it all as gospel.
