InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,996.66
(
1.00%
)
US TECH 100
20,877.20
(
1.72%
)
Dow Jones
43,487.83
(
0.78%
)
Brent Oil
79.32
(
-1.12%
)
Bitcoin
106,565.87
(
3.36%
)
Post# of 34668
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Rhee

Send PM Follow Ignore
Followers 56
Posts 727
Boards Moderated 0
Alias Born 05/10/2011

Rhee

Re: tob999 post# 10424

Friday, 06/06/2014 1:43:38 PM

Friday, June 06, 2014 1:43:38 PM

Post# of 34668
I've been fairly clear I day trade, solely off opens and closes. When a stock flatlines on support, technically it presumes continuation of the existing direction. As I've said before, this is the corollary of consolidation below resistance prior to a breakout. This said, all moves necessitate confirmation, as false breakouts in either direction occur. Support intraday is .68, and then .54. Resistance is the pivot point at .82 and 1.02.

These truths are fairly self-evident. And, to be clear, it is the MMs moving this stock - almost entirely in pre-market - not speculation on a discussion board of retail traders, toying with a holding company that has no income, is trending downward, and with a PPS in the pennies after back-to-back reverse splits.

(A) Have very reasonable expectations; (B) Educate yourself and perform due diligence; (C) Don't enter without a strategic plan and target, for both best and worst case scenarios; and (D) Lead inward/outward and never follow.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

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