$SOXLB hits a new 24-hour high: current price 56.01, previous high 55.77.
After the breakout, focus on two things:
· Whether the previous high of 55.77 turns from resistance into support (holds on a pullback)
· Whether trading volume increased during the breakout; a breakout on low volume can easily turn into a bull trap
What do you think happens next?
After the breakout, focus on two things:
· Whether the previous high of 55.77 turns from resistance into support (holds on a pullback)
· Whether trading volume increased during the breakout; a breakout on low volume can easily turn into a bull trap
What do you think happens next?
