Jonk87

 Received 9 Karmas
Pig_Demon
Pig_Demon Dec 11, 16 12:19 PM

I think you get confused between resistance and support at times. An example being yourtrade on BSNO where you say it has support at 3.20 but I see it as resistance because it's a point that the stock can't breakthrough. Now it did have a breakout over 3.20 but once it starts to fade you should see that as a point of resistance and a signal of a failing breakout not as a level of support.

Jonk87
Jonk87 Dec 11, 16 8:47 PM

@Pig_Demon fair point if it can't break over and stay over it's resistance I'll keep that in mind. Cheers.

hutchstock
hutchstock Dec 12, 16 2:31 PM

@Jonk87 Good call. I obviously still have a lot to learn. Thanks

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hutchstock

[TimAlerts] Hi, looking at first trade after weekend. Eye on $PPHM. New day breakout on market close today. Expecting financial report after market close on Monday and have just announced 10.5% dividend. I have small position of 250 shares lined up to execute on market open. Anticipating upward movement before announcement. Is this wise?

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