Steve: As i mentioned to pompsander, all even numbers such as 30, 100, 10, have some psychological signficance but 30 is not a technical resistance level. 32 and 34.80 have technical resistance signficance from chart pattern and gap.
I use default settings that most sites use for stochastics, etc. (e.g. quote.com, stockcharts.com) I don't like to switch around on settings because there is a risk of setting them in order to confirm what you want them to confirm and because the default settings have worked well for me and others for decades.
I forgot to calculate fibonacci retracement levels. Can do that if anyone is interested in 38.2% or 50% or 61.8%retracements.
Sounds like you know a lot about TA. Are you more of a trader or longer term investor?
What is your take, technically or fundamentally, on SNDK?
I am not a guru nor an expert. Just been doing TA for over 20 yrs, for stocks, futures, and options trading.
TIA,
Dr.Bob |
