$ON Breaks below the 90-day low (0.0937) on elevated volume, with turnover at 2.1 times the 20-day average. The current price is 0.0924.
A break below the period low accompanied by elevated volume often means selling pressure is being released in force and support at the previous low has failed.
Watch for two confirmations: the daily close is below 0.0937; and a rebound fails to break above this level, turning the previous low into resistance.
#ON
A break below the period low accompanied by elevated volume often means selling pressure is being released in force and support at the previous low has failed.
Watch for two confirmations: the daily close is below 0.0937; and a rebound fails to break above this level, turning the previous low into resistance.
#ON