$BIRB breaks below the 7-day low: current price 0.05976, previous low 0.06028.
After the breakdown, watch two things:
· Whether the previous low of 0.06028 turns from support into resistance (price fails to rebound above it)
· Whether trading volume increases during the breakdown; a low-volume break could be a false breakdown
How would you sum up your current view in one sentence?
After the breakdown, watch two things:
· Whether the previous low of 0.06028 turns from support into resistance (price fails to rebound above it)
· Whether trading volume increases during the breakdown; a low-volume break could be a false breakdown
How would you sum up your current view in one sentence?