Jun. 23 at 2:15 AM
$LGND – MON: Dropped Below the 10 DMA Then Rallied to Close Well Above
8:00 PM – Starting a position here in LQDA as the stock trades higher from its 10 DMA on above-average volume and begins to break above ROUND-
$70. That combination of price strength and volume support is a technical BUY SIGNAL.
James’ Trader’s Tip: Round Numbers Often Matter
• Round-number levels frequently act as support or resistance because traders watch them closely.
• Stocks breaking above these levels on strong volume often attract additional buying interest.
• When price, volume, and trend align, the odds of a successful breakout generally improve.
https://buyingbreakouts.com/mon-6-22-lgnd-dropped-below-the-10-dma-then-rallied-to-close-well-above-2/
