OBV test
![OBV test](https://sgsnsimg.moomoo.com/feed_image/101790486/9d4ec04b63dc3689a7266e8f2f1f235a.jpg/bigmoo)
In the chart, the stock broke its downtrend line around late June and OBV confirmed a resistance breakout in early July.
On-balance volume is a leading indicator , hence, many investors like to use OBV whenever a stock is testing a major support or resistance. However, it must not be used in silo as with like any other indicators.
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