Cutting Through The Bull On This BoardI put this type of analysis up last time as I've been formalizing my process lately.
I was pretty bang on with my previous post, so I figured I'd share again.
| As of Close Sept 19 | | | | |
| Daily | | | | |
| Support | | | Resistance |
| Lvl 1 | 0.16 | | Lvl 1 | 0.2 |
| Lvl 2 | 0.105 | | Lvl 2 | 0.25 |
| Lvl 3 | 0.08 | | Lvl 3 | |
| | | | | |
| As of Close Sept 16 | | | | |
| Weekly | | | | |
| Support | | | Resistance |
| Lvl 1 | 0.15 | | Lvl 1 | 0.2 |
| Lvl 2 | 0.1 | | Lvl 2 | 0.25 |
| Lvl 3 | 0.08 | | Lvl 3 | |
| | | | | |
| Daily Outlook for Sept 20: | Trade Between .16 and .20 | |
| | If Intraday price <=.145, likely retest .10 daily close. |
| | If Intraday price <=.145, need close >=.15 for continued bullish signal |
| | If daily price closes >.20, likely retest .25 daily close |
| | | | | |
| Weekly Outlook for Sept 19-23 | Trade between .15 and .20 | |
| | If daily close price <=.15, likely retest .10 daily support |
| | If daily close price >=.20, likely retest .25 daily resistance |
Happy with the recovery last Th/Fri and glad to see us close above .18 today, as that was where resistance for a daily close was previously pegged. Given the close of .185 I think we have a good shot at continuing the upward momentum.
I really am hoping this beauty can break through the .20 resistance as it has been such a ceiling previously.
Happy Trading!
On A Side Note:
Can we please stop this level of sh*t posting. I'm happy to ignore people, but when you're all going back and forth like this, it makes it hard to weed out the good from the bad.