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Many stocks hit and then bounce off and stay below resistance levels that act like ceilings for the stocks for many months- sometimes for years. Interest in the stock often peaks with both high volume and rapid price movement once the stock finally is able to push through the resistance. (1) During non-market hours tell us about stocks and their resistence levels (stocks to keep an eye on). Please make sure that the stock is trading within striking distance of the resistance and that the resistance has held on at least two prior occasions. A list of current prospects (with resistence levels) will be posted from time to time. (2) During MARKET HOURS please reserve this thread for stocks that have broken through resistence in the last thirty minutes or less. These are stocks to trade immediately. Please try to avoid extended discussion during market hours. At all times please avoid touting any stocks and skip the personal discussions (try e-mail). Thank you all for participating. |
