SYNC 3 x average volume shatters the overhead 92p resistanceSyncona Ltd GBPLSE_DLY:SYNCStockso_SimpleFlagging this as a possible momentum trade, keeping it simple. The price broke out above the overhead resistance around 92p on a strong rising candle, closing at the high of the day on three times the average volume. Effort and result in full agreement, exactly the kind of confirmation you want to see behind a breakout. The price has continued to track upwards over the following sessions, which is encouraging. The one caveat worth noting is that volume has started to fall away as the price has risen. Ideally you want to see volume sustaining or increasing as a breakout extends, so this is worth keeping an eye on. Could the momentum last? Possibly, but the fading volume is a flag worth respecting.