Followers | 377 |
Posts | 17268 |
Boards Moderated | 3 |
Alias Born | 03/07/2014 |
Tuesday, April 06, 2021 11:06:31 AM
It took Rocky FIFTEEN ROUNDS to get a win for the title - as long as one can stay in the ring :)
Taking-out key barriers on a stock can TAKE DAYS of beating at said barrier level and testing it and re-testing it to chew through the flip sellers volume parked at said levels.
Round numbers - often act as barriers via simple human psychology of "liking" round numbers like .03 and .04 and .05 etc. Those make "natural" barriers most of the time - like breaking a 100 or 200 etc. It's just human nature that people will flip or trade-out on those round numbers.
INND is beating on that .03 resistance for just the 2nd day in a row now - normally once it punches through, it will do so in a sudden and unexpected and often violent up move with some over-shoot, but once through, then the .03 becomes the new "support" on the chart = charting 101 basics :)
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
Recent INND News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 03/04/2024 10:30:06 PM
Avant Technologies and Ainnova Tech Form Joint Venture to Advance Early Disease Detection Using Artificial Intelligence • AVAI • Nov 12, 2024 9:00 AM
Swifty Global Announces Launch of Swifty Sports IE, Expanding Sports Betting and Casino Services in the Irish Market • DRCR • Nov 12, 2024 9:00 AM
Oohvie App Update Enhances Women's Health with Telemedicine and Online Scheduling • HLYK • Nov 11, 2024 8:00 AM
SANUWAVE Announces Record Quarterly Revenues: Q3 FY2024 Financial Results • SNWV • Nov 8, 2024 7:07 AM
DBG Pays Off $1.3 Million in Convertible Notes, which Retires All of the Company's Convertible Notes • DBGI • Nov 7, 2024 2:16 PM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service • SMX • Nov 7, 2024 8:48 AM