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: quote 007 who wrote (19804)5/12/1999 10:51:00 AM
From: Tammy DeRosier  Read Replies (1) | Respond to of 34811
 
In general terms, often times when a stock forms a double bottom at a strong support area, either at support line or previous support on the chart, reversals up provide a good opportunity to get in. There is ususally plenty of room up to the next resistance and the stock now usually has afforded you with a close stop loss point.