FSLR - i bought at Fridays close
- Thread starter mikal
- Start date
Breakout happened already Oct 28th once prior day up gap closed and wide range strong buuuuying day took place.
Then second signal was Friday's low being to the penny of open of wide range breakout day returning to that strong buying spot. Real support not squiggly wiggly lines, not VWAPpppy or any other pseudo support/resistance nonsense.
Then second signal was Friday's low being to the penny of open of wide range breakout day returning to that strong buying spot. Real support not squiggly wiggly lines, not VWAPpppy or any other pseudo support/resistance nonsense.
Cool. You should be long then.
If only I traded stocks, and not futures exclusively.
But real support and resistance works the same no matter the symbol, no matter the market.
Overall it is an uptrend.
However, the chart is one of the ugliest charts.
There are other better-looking, beautiful charts that are much easier to trade.
When people choose girlfriend/wife, people tend to choose a better-looking girlfriend/wife.
But when it comes to trading, people tend to choose ugly-looking charts.
I don't like such an ugly chart.
70 to 80 was a strong resistance turned support level.
When it turned into a support level, that was the time to plan for a long entry.
For the past few years,
This stock tends to have thousands of very sharp spikes / painful whipsaw.
Entering at a good price is important.
at this moment, how low will it go? no idea.
Will it go beyond 320? no idea.
GOOD LUCK!
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Yeah something I’ve been keeping an eye on