๐ $SOXSB hit a 7-day low, and selling pressure has not subsided.
Current price: 49.07, breaking below the previous low of 49.32. 24-hour trading volume: $7.85 million.
There are usually many long-position stop-loss orders below the previous low, and breaking below it can trigger a cascade of stop-losses. Watch for signs of major buyers stepping in at lower levels.
#SOXSB
For documentation and sharing purposes only; this is not investment advice.
Current price: 49.07, breaking below the previous low of 49.32. 24-hour trading volume: $7.85 million.
There are usually many long-position stop-loss orders below the previous low, and breaking below it can trigger a cascade of stop-losses. Watch for signs of major buyers stepping in at lower levels.
#SOXSB
For documentation and sharing purposes only; this is not investment advice.