Stocks continuously breaking through multiple support levels, but with low trading Volume, indicating strong confidence among shareholders and limited selling pressure.
As mentioned above, currently shareholders have strong confidence in the stock continuing to rise, which is why only a doubling of Volume triggered the significant rise in stock price. This indicates that more people are holding stocks and waiting for better prices.
However, if one were to short Google at this time, it would result in doubling the shorting cost, so typically no one would short Google at this time. Everyone can rest assured and hold onto their stocks.
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