$ZRO has broken through the 1.5 level and is currently at 1.505.
Near key price levels, I usually look at three things:
① Close: An intraday touch doesn't count; it only qualifies as a valid breakout if the entire candlestick stays above 1.5;
② Retest: Can it hold around 1.5 on a pullback? If so, that's a successful reversal;
③ Volume: Did trading volume pick up during the breakout? Breakouts on declining volume are more likely to be reversed.
Just use this as a reference—don't take it as gospel.
Near key price levels, I usually look at three things:
① Close: An intraday touch doesn't count; it only qualifies as a valid breakout if the entire candlestick stays above 1.5;
② Retest: Can it hold around 1.5 on a pullback? If so, that's a successful reversal;
③ Volume: Did trading volume pick up during the breakout? Breakouts on declining volume are more likely to be reversed.
Just use this as a reference—don't take it as gospel.