Received 11 Karmas
xbows
xbows Sep 10, 17 10:55 AM

How do you define lateral resistance? The term to me sounds like a chart that is trending sideways without much up or down price action, but the way you use it sounds more like vertical price action between support and resistance.

Turbobob
Turbobob Sep 10, 17 5:31 PM

Laterakl resistance is a line drawn horizontally across the chart at key resistance points; usually at high points in a chart (ie. like a double top). Also at low points (say where a stock gapped down).

keelos
keelos Sep 11, 17 9:15 AM

why 12.50? KURA

Turbobob
Turbobob Sep 11, 17 9:28 AM

consolidation level

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keelos

@Turbobob $CBI has been forming an interesting chart since its big move a few weeks ago - been consolidating between 17-18 and for the past 5 days it has been making higher lows. I believe its a good swing candidate once it can stay above 18 - thought i would put it on your radar incase its not already

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keelos

@RolandWolf Congrats pal! Huge milestone - out of curiosity I was wondering how much you started with? You've come a long way very quickly! Also great 10 tips on Tim's blog!

RolandWolf
RolandWolf Jun 22, 17 2:00 AM

Thanks! Funded E-trade account w/ 1200. Then another couple of paychecks after a month or so... About 4k in total.

keelos
keelos Jun 22, 17 8:45 AM

damn thats impressive lol - and inspirational

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Received 7 Karmas
keelos
keelos May 19, 17 8:05 AM

hey bob i read that you said $SORL reached a new all time high yesterday? my charting is showing 12.89 from jan 2010

Turbobob
Turbobob May 19, 17 8:57 AM

No covred at $1.00. Looking to reshort on a move towards $3.00

Turbobob
Turbobob May 19, 17 8:58 AM

Yes, it was incorrect. But, the trade is still the same as anything that happened in 2010 is unlikely to affect the stock today. Too much passage in time.

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keelos

@Turbobob AUPH burned me today too. Bought 2k shares on the pullback at 8.05 and it immediately dropped and i got out at 7.85. This stock always seems to burn me..

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keelos

@Turbobob bob i know you have been writing about $UCTT for a while now - any thoughts on its current price? approaching massive breakout level, good earnings etc thanks

Turbobob
Turbobob Apr 27, 17 1:12 PM

I think the stock goes much higher from here as a swing trade.

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