AI
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Friday, August 02, 2013 10:46:43 AM
Technical reply again... Buy support, sell resistance. There was support on top of the 50-day moving average. There will likely be resistance at the 20-day moving average. If the price pushes above a resistance, that becomes a new support. If a price falls below a support, then it becomes a new resistance.
In BRND's case, there wasn't a lot of support at the 20-DMA on the way down, so there may not be a lot of resistance on the way up. The more obvious support line which fell looked to be around .016
In BRND's case, there wasn't a lot of support at the 20-DMA on the way down, so there may not be a lot of resistance on the way up. The more obvious support line which fell looked to be around .016
I am not a promoter or professional stock trader. I'm a regular guy who enjoys stock trading to make (or lose) a few dollars. I am only responsible for my own trading foibles, not yours...do your own DD.
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