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Re: rs99 post# 42755

Tuesday, 04/06/2021 11:06:31 AM

Tuesday, April 06, 2021 11:06:31 AM

Post# of 70513
LMAO NO,

Looks like Rockey is on the ropes.



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.