$SKHYB has risen above its 24-hour high: the current price is 137.18, and the previous high was 136.72.
After the breakout, two key things to watch:
· Whether 136.72, the previous high, turns from resistance into support (holds on a retest)
· Whether the breakout is supported by volume; breakouts on low volume often turn out to be false breakouts
What confirmation do you need before making a move?
After the breakout, two key things to watch:
· Whether 136.72, the previous high, turns from resistance into support (holds on a retest)
· Whether the breakout is supported by volume; breakouts on low volume often turn out to be false breakouts
What confirmation do you need before making a move?