I can't glue myself to the screen the whole day. I have a normal day work. By the time I see the break of the resistance, most probably it will be too far from my comfort zone.
So I do the reverse, I judge the probability of breaking the resistance level based on the chart strength. Then I buy. If I'm wrong, I will take a small loss.
to tell you the truth, i seldom look at resistance/support level. These are only speed bumps. I only determine bull or bear. But this technique only works during a strong rally.
It seems that the current play is weak for most of the counters.
Sori, cannot agree with you. Support and resistance are places where most people decide to buy and sell. They are not just just speed bumps, they are STAIRCASE to capital gain.
Plus is still moving up to challenge the previous high. Can it or not break? Plus-CA is about 10 cents undervalue. That is why I jump into Plus-CA.
plus is at resistance level. buy if break resistance.
ReplyDeleteI can't glue myself to the screen the whole day. I have a normal day work. By the time I see the break of the resistance, most probably it will be too far from my comfort zone.
ReplyDeleteSo I do the reverse, I judge the probability of breaking the resistance level based on the chart strength. Then I buy. If I'm wrong, I will take a small loss.
sold my plus at resistance. surprised you buy at resistance.
ReplyDeleteto tell you the truth, i seldom look at resistance/support level. These are only speed bumps. I only determine bull or bear. But this technique only works during a strong rally.
ReplyDeleteIt seems that the current play is weak for most of the counters.
Maybe we use different system.
Sori, cannot agree with you. Support and resistance are places where most people decide to buy and sell. They are not just just speed bumps, they are STAIRCASE to capital gain.
ReplyDelete