- The stock price of ABVC Biopharma Inc (NASDAQ: ABVC) increased by over 25% pre-market today. This is why it happened.
The stock price of ABVC Biopharma Inc (NASDAQ: ABVC) increased by over 25% pre-market today. There are no company-specific reports today driving the stock price up.
In stock trading forums, there are discussions about ABVC Biopharma seeing a technical breakout today. This is when shares move beyond a support or resistance level. When a stock moves beyond a resistance level, it will often move in a sustained upwards direction.
Investors in stock trading forums also cited ABVC Biopharma as having a very low float. This makes it easier for day traders to drive momentum in the stock price.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
