tag:blogger.com,1999:blog-19713238.post6144251565489814909..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: Technical Picture - Testing ResistanceTJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-19713238.post-61115442567675929352010-09-16T14:11:18.642-04:002010-09-16T14:11:18.642-04:00Hey James,
I'd like to help you with that pro...Hey James,<br /><br />I'd like to help you with that problem, but it is difficult without a real example.<br /><br />Sometimes price stalls at half and whole $ levels. If it stalls and can't break through after 2-3 attempts, it's probably a good idea to lock in profits. There's too much supply and not enough demand. You can always get back in if price finds support.<br /><br />Other times these widely held names just follow the market. If the COMP and S&P are selling off, AMZN will follow unless there's a news related story and it's trading on its own volition.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-18688845302193395132010-09-15T22:08:53.103-04:002010-09-15T22:08:53.103-04:00Hey Jamie,
My question is, say you enter a stock ...Hey Jamie,<br /><br />My question is, say you enter a stock like AMZN or RIMM and it doesn't reach your target (100% or 138% extension or what not), how do you determine if it is reversing on you and its time to get out for a small gain/loss, or it its performing a normal pullback and continues to run to target?<br /><br />Many times, I thought a stock was doing a pullback when it hasn't reached my target or a resistance area, but instead it continues lower and takes out my stops or new swing lows. I would love some help on that problem. Thank youJameshttps://www.blogger.com/profile/13708767463859171421noreply@blogger.com