Honestly, $IDOL just jumped +3.56% in 5 minutes, and my first instinct was to check the volume ($44.27 million over 24 hours).
Why check volume first? I've been burned before: a price spike on low volume can easily be just a wick, and chasing it can leave you holding the bag.
This time the gain seems fairly moderate, so it's worth watching for a while.
What do you usually look at first when you see a price spike?
Just chatting—don't take this as advice.
Why check volume first? I've been burned before: a price spike on low volume can easily be just a wick, and chasing it can leave you holding the bag.
This time the gain seems fairly moderate, so it's worth watching for a while.
What do you usually look at first when you see a price spike?
Just chatting—don't take this as advice.
