Pushing through a level that had been holding
The price finally clears a high or a low that had turned it back several times, and often starts moving in that new direction. A break without volume behind it frequently falls back inside the old range, which is why it is called a false one.
A stock stopped three times at $1,050 that prints $1,060 has broken out.
For learning, not investment advice. Decisions are your own.
StockFit · TrueNorthLabs Inc.