Jun. 23 at 2:17 AM
$CINF – MON: Somewhat Bullish Action – Gave Up Its Morning Gains
8:25 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-cinf-somewhat-bullish-action-gave-up-its-morning-gains/