🟩 AVD - setup recap

2 Ağu 2022

AVD had a nice cheat that set up! It did breakout on 26/7 however it did so on BELOW average volume. This triggered alerts on my end, however due to the low volume I didn not buy. It then paused and subsequently we got a follow on rally whenre I bought the stock (buy price @23.36) that ended with a +180% volume increase. The stock advanced +3.32% on that day.

Important Lesson

• Breakout volume is required to start a position
  
• Sometimes institutional volume support might come in the following days