3-10 For those who like to buy stocks in uptrends
pulling back to support? You need only ask one question.
Where is it? Look no further than the green trend lines.
Should this issue tag those zones that is where you want to
see the stock stabilize. Keep in mind the 50 day simple moving average is also at 130.00 so you see we have three technical piece of information to tell us to pay attention to that 130.00 zone.
Remember, the rule of thumb is old resistance once
broken tends to become new support. In this chart it looks to be around 130 on multiple fronts.
As always, trade at your own risk, this is strictly for informational
and educational purposes only,
these are not buy recommendations.
pulling back to support? You need only ask one question.
Where is it? Look no further than the green trend lines.
Should this issue tag those zones that is where you want to
see the stock stabilize. Keep in mind the 50 day simple moving average is also at 130.00 so you see we have three technical piece of information to tell us to pay attention to that 130.00 zone.
Remember, the rule of thumb is old resistance once
broken tends to become new support. In this chart it looks to be around 130 on multiple fronts.
As always, trade at your own risk, this is strictly for informational
and educational purposes only,
these are not buy recommendations.