Tuesday, December 06, 2016 11:57:41 PM
http://www.investopedia.com/terms/c/consolidation.asp?lgl=no-infinite[url][/url][tag]http://www.investopedia.com/terms/c/consolidation.asp?lgl=no-infinite[/tag]
The upper and lower bounds of the stock's price create the levels of resistance and support within the consolidation. A resistance level is the top end of the price pattern, while the support level is the lower end of the pattern. Once the price of the stock breaks through the identified areas of support or resistance, volatility quickly increases, and so does the opportunity for short-term traders to generate a profit. Technical traders believe that a breakout above the resistance price means that stock price is increasing further, so the trader buys the stock. On the other hand, a breakout below the support level indicates that the stock price is moving even lower, and the trader sells the stock.
Read more: Consolidation Definition | Investopedia http://www.investopedia.com/terms/c/consolidation.asp#ixzz4S7oZdS00
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Therefore, if we can break the higher resistance line, it would therefore start a new upward trend and we can push our way to 0.05+. Lets get out of this period of consolidation and move high.
Go RXMD!!!
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