SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Technical Analysis - Beginners
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chris who wrote (11759)3/22/2001 1:07:18 PM
From: TechTrader42  Read Replies (1) of 12039
 
"Rough support" is putting it mildly. It's fallen through the 50 SMA in the daily. I wonder whether it could head to the 200 SMA in the weekly chart, at 37.78, after testing 39 or so. The 37.5 area wouldn't seem to be inconceivable. And then there's the 200 in the daily, at 35.6. That's not improbable either.

Oftentimes, when they fall through the 50 SMA in daily, they head to the 200. That doesn't mean it can't go to 43.75 or so. The various oscillators look oversold, but in this delightful market, they can be meaningless. So can rough support levels.

But it's all guessing. I have no idea. As in chess, be in advance of all contingencies -- meaning not more predictions, but good targets, good stops, etc.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News