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Post# of 380514
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musky5

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musky5

Re: mdimport post# 293819

Sunday, 03/29/2015 4:01:18 PM

Sunday, March 29, 2015 4:01:18 PM

Post# of 380514
Supports are not always tested on movement downward just like resistances aren't always tested on upward movements. However, if one is LONG this stock & believe a BOTTOM may have been put in without testing the support you point out, then it's upward resistances that are most important. At this time, .025 is the first resistance point on the daily & then it's the 50ma currently at .03 that may be tested. For the past several months, the 50ma has been the resistance which has been the most stubborn to push through.
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  • 1D
  • 1M
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  • 1Y
  • 5Y
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