Behind Old Support / New Resistance?

mprincipatoMarc Principato, SMB ForexLeave a Comment

  A basic market concept that can really help to identify important levels in any market. Subscribe: http://www.bit.ly/utraderyt Help me write my book: http://www.unconventionaltrader.com Training Info: http://www.bit.ly/smbhome My analysis on TradingView.com: http://bit.ly/tviewprfle Twitter: http://www.twitter.com/marcpmarkets Webinar and Trade Review Archive: http://bit.ly/archpge

Trading Lesson #1 (Again): Buying A Strong Stock At Prior Day’s Afternoon Support

sspencerSteven Spencer (Steve's) Blogs, Trading Lesson2 Comments

About a year ago I wrote Trading Lesson #1 offering a safe way to buy stocks that had shown strength the prior trading day. Let’s take a look at the price action from DECK today, which was discussed in a separate post yesterday on information flow. DECK showed huge relative strength yesterday to the market taking out two important resistance areas from … Read More