StockFetcher Forums · General Discussion · Resistance help<< >>Post Follow-up
fokane
74 posts
msg #52833
Ignore fokane
7/6/2007 2:51:55 PM

I know there are some really knowledgable people on this forum, i hope you can offer some insight into this..

If I am filtering for stocks hitting a horizontal line of resistance, what information can I look for that will help me determine if the price will break through resistance or bounce off resistance? (i.e. to go long or short)
(examples from today are CSCO and XOM)

Are there any clues from volume, the intra-day chart etc?
TIA

nikoschopen
2,824 posts
msg #52835
Ignore nikoschopen
modified
7/6/2007 4:03:06 PM

Look for a higher high (oops, that should be a higher low, eg. ascending triangle) with increasing volume. But the best way to play the resistance is not to play at all. That is, you're better off waiting until the stock either breaks out or breaks down and then jump aboard the moving bandwagon.

StockFetcher Forums · General Discussion · Resistance help<< >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2022 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.