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Surwin

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Surwin

Re: tradinplaces post# 23627

Thursday, 06/13/2019 11:28:48 AM

Thursday, June 13, 2019 11:28:48 AM

Post# of 26307
If a stock can't get over a price it is resistance. Rightfully so you pointed out in the past some 2+ years ago .03 was support and I agree, but once a stock breaks support it becomes resistance. That is pretty common knowledge. Just to be clear there are different levels of resistance and .027 was last years first level of resistance. Getting over that, one can clearly see .03 is the next level on a closing price.

Needless to say the RSI on both the weekly and daily charts are over extended indicating a pull back most likely to .027 which was resistance and now is support. I believe VLDI needs to test support to either confirm this uptrend or not.

"Sarcasm is the last refuge of the weak mind". (Dostoyevsky) and "The important thing is not to stop questioning. Question everything" (Albert Einstein)

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