$SPCXB hits a 7-day high: current price 147.8, previous high 146.9.
After the breakout, focus on two things:
Can the previous high of 146.9 turn from resistance into support (hold on a pullback)?
Was there a surge in volume during the breakout? A breakout on low volume can easily turn into a bull trap.
Which side are you on? Share your thoughts.
I could be wrong too, so make your own judgment.
After the breakout, focus on two things:
Can the previous high of 146.9 turn from resistance into support (hold on a pullback)?
Was there a surge in volume during the breakout? A breakout on low volume can easily turn into a bull trap.
Which side are you on? Share your thoughts.
I could be wrong too, so make your own judgment.
