InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,011.12
(
-0.22%
)
US TECH 100
16,838.80
(
-0.58%
)
Dow Jones
37,775.38
(
0.06%
)
Brent Oil
85.82
(
-0.69%
)
Bitcoin
64,940.89
(
2.25%
)
Post# of 821321
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

BoomPickens

Send PM Follow Ignore
Followers 156
Posts 701448
Boards Moderated 0
Alias Born 10/14/2012

BoomPickens

Re: None

Saturday, 12/10/2016 7:53:24 AM

Saturday, December 10, 2016 7:53:24 AM

Post# of 821321

This left a supply overhang (commonly known as resistance) around 18. When the stock rebounded to 18, many of the green-oval-bulls probably took the opportunity to sell and "escape" with little to no loss. When this supply was exhausted, the demand was able to overpower supply and advance above resistance at 18.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up