$KGEN has risen above its 7-day high: current price 0.08878, previous high 0.0847.
After the breakout, two things are key:
Can the previous high of 0.0847 turn from resistance into support (holding on a retest)?
Was there a surge in volume during the breakout? A breakout on low volume can easily turn out to be a false breakout.
How would you trade it?
Just chatting—everyone is responsible for their own gains and losses.
After the breakout, two things are key:
Can the previous high of 0.0847 turn from resistance into support (holding on a retest)?
Was there a surge in volume during the breakout? A breakout on low volume can easily turn out to be a false breakout.
How would you trade it?
Just chatting—everyone is responsible for their own gains and losses.
