RE:RE:Resistance at $.12Red_Deer wrote: Charlie Chan__not that it matters with regard to the content of your Post__but perhaps
the correct terminology would have been that 12 cents is the SUPPORT Level__hopefully eh?
Support level being the Floor whereas Resistance level being the Ceiling seems to be the
market norm terminology?
Thanks for the clarrification and I am very well versed in Support and Resistance. However, the Markets are upside down these days with the shorts taking control and whereas the normal Support level is actually Resistance to the shorts going lower.
Remembering well when Technical Analysis was a wonderful tool! There are no tools these days that the retail investor can use with confidence. (especially in the Penny stock casino)