One of three different types of breakout stock trades we target, the Blast Off setup seeks to identify
massive volume spikes with large one - day price gains, followed by periods of tight price consolidation.
When doing our nightly stock scanning research, both manually and with the MTG Stock Screener, one thing that always catches our attention is a stock that suddenly jumps sharply higher on
a massive volume spike.
Notice
the massive volume spike that accompanied last week's 4.6 % sell - off at the highs, which has so far led to further selling this week.
Not exact matches
Anytime you launch a new product, you launch a new feature, you make a significant product update or change, etc - with the
volume of customers we have you can see a
massive massive spike in customer conversations.
Tuesday's rally was quite bullish as it occurred on a
massive spike in
volume.
The last time we had a
massive spike in the down to up
volume chart like we had on Monday was way back in September of 2015, which began the sideways trading range.
Two weeks ago, a similar
volume spike was caused by the sudden (and brief) reversal of fortunes between Bitcoin (BTC) and Bitcoin Cash (BCH), as the cancellation of the scaling proposal SegWit2X led to a
massive pump of the latter.