$PENGU 1-hour trading volume rose to 3.7 times the average, while the price fell 3.8%.
After a volume spike, there are generally three things to look at:
1) Price direction: volume up, price down
2) Whether the elevated volume can persist; a single volume spike can easily be a brief blip
3) The highs and lows during the high-volume period often become short-term turning points
How do you interpret this data?
#PENGU
This is just my personal opinion, not a basis for buying or selling.
After a volume spike, there are generally three things to look at:
1) Price direction: volume up, price down
2) Whether the elevated volume can persist; a single volume spike can easily be a brief blip
3) The highs and lows during the high-volume period often become short-term turning points
How do you interpret this data?
#PENGU
This is just my personal opinion, not a basis for buying or selling.