$SOXSB broke below the 7-day low: current price 49.19, previous low 49.32.
After the breakdown, watch two things:
Will the previous low of 49.32 turn from support into resistance (unable to reclaim it on a rebound)?
Did volume expand during the breakdown? A low-volume breakdown may just be a bear trap.
How would you trade it?
#SOXSB
Just chatting—everyone has to bear their own gains and losses.
After the breakdown, watch two things:
Will the previous low of 49.32 turn from support into resistance (unable to reclaim it on a rebound)?
Did volume expand during the breakdown? A low-volume breakdown may just be a bear trap.
How would you trade it?
#SOXSB
Just chatting—everyone has to bear their own gains and losses.
