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  #1  
Old 12-23-2017,
AbbeyMss20 AbbeyMss20 is offline
 
Join Date: Aug 2017
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Default BMD oversold and ready to bounce

Resistance and support are essentially determined by supply and demand.

Think of resistance as a ceiling that every time the stock rises to that point it falls back down to hit the support ( which is the floor )

When shares are being bought up the stock rises, resistance is usually determined by the top dollar people are paying at that time for the stock. If you draw a line across the highest points on a graph you will form a line, this line shows you the level of resistance.
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  #2  
Old 12-26-2017,
aellisarijarr aellisarijarr is offline
 
Join Date: Jan 2017
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Running well so far lets see how far the baby can go...Guru you holding all of it till $3.75 or planning on taking some of the table at some point?
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  #3  
Old 12-26-2017,
Aeracerap Aeracerap is offline
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Join Date: Dec 2017
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Once BMD breaks above the trendline around $3.40 it will run much higher. I plan to hold BMD for a while. Can easily run over $4
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  #4  
Old 12-27-2017,
AdolphBub AdolphBub is offline
 
Join Date: Jun 2017
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here's to breaking that $3.40 mark! finally got pass the sellers at $3.20

btw, how do people protect their profits? stops? trailing stops? by percentage or points?

I have had some bad losses since I had mental stops, but now will be inputting the stops with each purchase. I have BMD at a 6% trailing stop? is that too large of a stop?
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  #5  
Old 12-27-2017,
advambvumb advambvumb is offline
 
Join Date: Jun 2017
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Is that a shooting star that OWENQ formed today?
Does the RSI look toppy?
I'm not holding a position, just wondering if longs should sell NOW! GL
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