RE: US Stocks Breakouts & Breakdowns - SP500, NYSE, & Nasdaq Stock Charts
(2020-07-17, 08:58 AM)isatrader Wrote:(2020-07-17, 12:18 AM)tomyoung Wrote: Hi isa,
A question about why BBY, ENV and ROP were included, they don't seem to have usual 2x average volume that we look for in breakout.
Thanks,
All three are still under their breakout levels, so low volume is what we are looking for in the consolidation. You want strong volume on the breakout day and on up days after the breakout.
Ah I see, that makes sense. So you would put these on a watchlist to see if a breakout occurs.