Volume-price relationship watch | $ON
A 60-day high + trading value 6.4 times the daily average—technically, this is called a “breakout on heavy volume.”
A new high on heavy volume is more reliable than one on shrinking volume, but an excessive surge in volume could also mean shares are changing hands near the highs. Watch the next few days: can trading stay above the daily average, or will it quickly dry up?
The current price of 0.2628 has fallen back below 0.2787—a detail worth questioning.
Just my personal opinion; don’t take it too seriously.
A 60-day high + trading value 6.4 times the daily average—technically, this is called a “breakout on heavy volume.”
A new high on heavy volume is more reliable than one on shrinking volume, but an excessive surge in volume could also mean shares are changing hands near the highs. Watch the next few days: can trading stay above the daily average, or will it quickly dry up?
The current price of 0.2628 has fallen back below 0.2787—a detail worth questioning.
Just my personal opinion; don’t take it too seriously.