These two are two separate plays. The similarity comes in that they both hit support on the way down. In the same way a Flag pattern is formed. The two are simply in a bounce in the opposite direction of the current trend. They each have to prove through price value how creditable there own possible future reversal will be. In this proving period an ideal entry/exit can be established in identifying support/resistive levels, advanced charting, and or reading volume. That being said I could in no way say with absolute certainty a stock will definitely move this way or that way, but you can figure out a play that the odds are in your favor. Intra day charting comes into play then to even further pin point which way is the best odds. I have seen the system fail both ways, but overall works more than it failed. Tech Trading also helps take the emotional element out of trading. Let me know where I went right, wrong, fell short, or went to long. Thanks.GLTA!
P.S. Pennies in my personal tracking take off after pump sites promote, but after the spike the buyers usually take a hike. GO CVRG GO! I'm in for a ride to money mountain top. Golds got people's attention so all aboard this lucrative locomotive ready for money makin . Be ready to bail if the track starts shaken. Golds odds of a temporary correction are increasin.
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