$NVDAB broke below its 30-day low: current price 176.06, previous low 177.61.
After the breakdown, watch two things:
· Whether the previous low of 177.61 turns from support into resistance (the price fails to reclaim it on a rebound)
· Whether volume expanded during the break; a low-volume break may be a false breakdown
Do you think the market has fully reacted?
After the breakdown, watch two things:
· Whether the previous low of 177.61 turns from support into resistance (the price fails to reclaim it on a rebound)
· Whether volume expanded during the break; a low-volume break may be a false breakdown
Do you think the market has fully reacted?
