Wednesday, April 16, 2008

Volume & breakout

EXPO


ABI
More than average volume is must for a successful breakout. Breakout means Stock is breaking significant level of support or resistance. In an uptrend if the volume is enough to lift the price above the support level but not big enough to hold at the support than there is a possibility of disaster .So when we enter a breakout trade volume is the most important thing to look for .

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