For example.
$SOS went higher today.
But this stock is a good example of what happened to many.
Stock peaked early FEB and bounced today after dropping 65% from highs.
Need even more volume to make a lower high.
Not good.
The reddit boys are squeezing $SOS trying to get a $GME type run. Thats why the volume pop. Another trader noticed that over 3/4 of the days volume went off at exactly $5.78.... very strange anomaly