HITECH has been exhibiting a strong uptrend on both the daily and weekly timeframes. Recent breakout followed by a retest of the breakout level, which is a bullish sign indicating potential continuation of the uptrend.
The retest of the breakout level occurred with declining volume, suggesting weakening selling pressure.
Today's price action shows signs of renewed buying interest as it attempts to move higher after breaking the previous high.
Notable aspect: The test of support occurred with very low volume, indicating lack of selling interest and potential accumulation by bulls.
Disclaimer: This is not financial advice. Trading involves risk, and it's essential to conduct thorough research and analysis before making any trading decisions.