medium · Volume Price Analysis support-resistance
A stock breaks above a long-term resistance level with a narrow-spread candle on ultra-high volume.
What is the most likely outcome based on VPA?
- A powerful rally is imminent because the high volume alone confirms that this breakout is genuine and sustainable.
- The breakout is likely to fail as the high effort is being met by heavy institutional selling.
- The stock is simply in a markup phase, and this is just an ordinary low-volume test of the recent breakout.
- This is a 'No Demand' signal, indicating that insiders have withdrawn completely from the stock.
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