Well, I try not to set limits right off the bat. I do look at resistance levels, but am not one to buy and sell at each encounter with them. I look more to MAs to lend support on uptrends and assist (if they can) in pushing the pps up thru resistance.
Thus far we've seen a close today above our last (closing) resistance of .0183.....with the support of our fast MAs (5, 10, 20) and the 50day which is now heading upwards.
Next resistance is actually at .02.....with .025 and .03 to follow. We, therefore, may see some hesitation around those areas (which would be normal), but will look for some strength and support from our MAs to punch thru them.
Since one can never tell for sure what's going to happen, the chart must be reassessed on a daily basis. Technically, at this point however, things are looking good. .......rule
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