medium · Volume Spread Analysis background-trend-context
A stock is in a mark-up phase. It pulls back to a previous breakout level on low volume and closes near the high of the bar.
What is the most likely next move?
- A shake-out unfolding that leads to much lower price targets
- A resumption of the uptrend as old resistance has become support.
- A distribution phase where professionals quietly exit long positions
- A trend reversal because the earlier breakout has now failed outright
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