Empirical (drunk) theory. A significant increase in volume on Friday. The possibility of 1.75 becoming a key point in the future.
It will aim for higher levels as long as it is not significantly broken at the lower end.
If this volume can be maintained, it seems that it may surpass the upper support level of 1.96 to 2.36. (Looking at that volume, one might think it's possible.)
If it surpasses the resistance, it will try to test up to 3.43 with the momentum.
In the scenario of selling dominance breaking 1.75, potential lower price supports (buying points) are likely to be 1.41 and 1.33.
However, since the volume at 1.75 is too large, if it falls below this level, it will be quite difficult to break through without substantial volume.
In case of breaking the support, it could go down to 1.
Letting go while assessing the market price may be a prudent approach.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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麦マル : Thank you for the explanation![blush 😊](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f60a.png)
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Personally, this stock catches my attention more than other quantum-related stocks