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 : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: XOsDaWAY2GO who wrote (388)2/5/1998 12:02:00 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 34816
 
Hi Barbara,
It did just break a spread double top (not a triple) and is just below it's bearish resistance and it's sector is in bull alert with a bullish percent of 24. Pretty much all good signs. If it goes to 33, it would break through it's bearish resistance and that would be a pretty good buy signal.

So an answer to your question; there is more risk when buying a stock below it's bearish resistance line. Though, I have been known to buy stocks when they are below the bearish resistance line if other indicators are good. But then again, I play the hardways in craps and will occasionally do a hopping bet (I have a high tolerance to risk).
Tom



To: XOsDaWAY2GO who wrote (388)2/5/1998 9:08:00 PM
From: Ms. X  Respond to of 34816
 
Hi Barbara,
Just wanted to add to Toms message.
I always suggest one should have stops on stocks, especially if short term trades. I doubly suggest this if the stock is trading below a bearish support line. I triply suggest this if the relative strength is negative.
If you need help determining stops we can help. You will get the hang of it the more you read charts.
Keep asking the questions, it will all make sense soon.

Jan


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