IBB (BIB) Follow up ... wasn't paying enough attention this
morning as I had my hands full ...but hit the previous high AND the
200dma ... i'll dump half of my BIB by EOD
my issue though is every time that support is re-tested it
weakens. A dark analogy would be a little kid on the frozen
pond jumping up and down on one spot for too long, eventually the
ice cracks and he falls through, I think a stock testing support
too many times is the same way
IBB ... (BIB Trade) update
IBB (BIB) - Came down from a double top .... ...
Posted by mla127 on 16th of Nov 2018 at 10:27 am
IBB ... (BIB Trade) update
IBB (BIB) Follow up ...
Posted by mla127 on 3rd of Dec 2018 at 02:50 pm
IBB (BIB) Follow up ... wasn't paying enough attention this morning as I had my hands full ...but hit the previous high AND the 200dma ... i'll dump half of my BIB by EOD
yep and if you zoom
Posted by matt on 16th of Nov 2018 at 10:32 am
yep and if you zoom out more you can see just how important that 100 area has been been tested 9 times over the last 2.5 years
my issue though is every
Posted by matt on 16th of Nov 2018 at 10:33 am
my issue though is every time that support is re-tested it weakens. A dark analogy would be a little kid on the frozen pond jumping up and down on one spot for too long, eventually the ice cracks and he falls through, I think a stock testing support too many times is the same way
I like that analogy ....
Posted by mla127 on 16th of Nov 2018 at 10:39 am
I like that analogy .... and I agree ... the more price become comfortable around a support area the more it increase the odds of breaking it ....