Thursday, February 29, 2024 6:43:11 AM
Let’s start with a simple bar/volume graph for the last month
What I’ve seen numerous times is a situation in which a stock price gets hammered a new low and then bounces during the moomoo session the following day
Traders using scanners that alert when a stock hits a new low at the close will take positions and then buy more shares the next morning
This sudden surge in price and volume will trigger scanners and those traders will make buys
What I’ve seen numerous times is a situation in which a stock price gets hammered a new low and then bounces during the moomoo session the following day
Traders using scanners that alert when a stock hits a new low at the close will take positions and then buy more shares the next morning
This sudden surge in price and volume will trigger scanners and those traders will make buys
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