A Textbook breakout
Here's an interesting setup: Quinstreet ($QNST) broke-out of its resistance area (orange rectangle) on high volume (3x the 50-day average - blue arrow). The price pulled back to its breakout level, confirming that the old resistance becomes the new support, on low volume (less than the 50-day average - red arrow), with momentum straying in a bullish range. Now, the price needs to bounce off this area and start a new uptrend to be a complete textbook breakout. If QNST is able