Friday, August 16, 2013 5:29:41 PM
Here is the most golden rule of advice that has conserved more profit for me than any other advice or tip ever could, "if you are excited, SELL!"
but in this specific case it was due to the fact that 1.50 was a strong resistance. It was broke and the pps was able to move another 1.50 higher. At that point when the run is out of gas there is only one thing to do and that is to test support. Well the first support below $3 is 1.50 so here we are. Magical aren't these charts?
Broken resistances turn into future supports. Most of the time anyways.
but in this specific case it was due to the fact that 1.50 was a strong resistance. It was broke and the pps was able to move another 1.50 higher. At that point when the run is out of gas there is only one thing to do and that is to test support. Well the first support below $3 is 1.50 so here we are. Magical aren't these charts?
Broken resistances turn into future supports. Most of the time anyways.
Ihub is news and opinions. I do not give professional advice.
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