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Sam - Sorry for taking so long to reply (connection problems). I thought I already said, in an earlier post, why I thought 11 was reistance. It was just a place from where I saw the stock often rebound. The last time, as the stock fell from 13, it rebounded a whole point from 11 to 12 (intraday) then slid down back slowly. It did not spend a lot of time at 11, though, as the CEO resignation was about that time and the stock went to 9 (if my memory doesn't fail me here). Whereas a place where the stock lingers for long time and a lot of volume is traded, I would call "static resistance", a place from which the stock often rebounds I would call "dynamic resistance". Anyway, it looks like BORL in its present uptrend, is encountering resistance every whole point (at 6, 7, 8, 10 and 11). We seem to agree, however, that once the 11 level is crossed for good, we will have clear sailing to 13. This is what counts, isn't it. Regards.... Ghassan. |
