False breakout on SHP?

ChartMan

Legendary member
5,580 46
False breakout on MTN?

The lack of volume here suggests this is a false breakout...true or false?
 

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Riz

Experienced member
1,266 5
Thought is was SHP turned out to be MTN :)

Could be due to +ve rumours, etc. causing lack of selling but as not in the open also no heavy buying...

In view TA it's not yet a reliable break out as you said lack of volume...

Riz
 
 
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