$SOXLB broke through the 24-hour high: current price 68.44, previous high 67.45.
After the breakout, focus on two things:
Can the previous high of 67.45 turn from resistance into support (hold on a pullback)?
Was there an increase in volume during the breakout? A breakout on low volume can easily turn into a bull trap.
What will you do if the price reverses later?
Just chatting—you're responsible for your own gains and losses.
After the breakout, focus on two things:
Can the previous high of 67.45 turn from resistance into support (hold on a pullback)?
Was there an increase in volume during the breakout? A breakout on low volume can easily turn into a bull trap.
What will you do if the price reverses later?
Just chatting—you're responsible for your own gains and losses.
