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| Chart Lessons and Technical Analysis moderated by Stock_Analyzer |
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| Many people ask me each day when to sell/buy, how do you know when to sell or buy....well here goes What people usually do to sell a stock is ...find the next resistance (for example stock ABC next resistance is @ .015) sell right BEFORE the resistance because stocks will usualy hit resistance then fall DOWN. So sell right before resistance then buy back at support. If the stock breaks resistance then you buy after the bid side has broken the resistance and you ride it to the next level of resistance, with the old resistance now acting as support. And the old old support as support level 2 ![]() Sell at: 1. just prior to resistance levels 2. when your stock has lost support (then look to add at support level 2) 3. when a stock has formed a base then has lost that support 4. when your UP!!! So buy at: 1. support levels 2. breaks of resistance on the bid side (clearly, dont buy if the bid cracks resistance for 1 second ) 3. when a stock is basing after a long downtrend and the bearish are done pissing on your parade What acts as support and resistance? Support 1. Any prior lower low then the current price 2. Any moving average that is lower then the current price 3. A major resistance level that was broken to the upside and then comes down to this (old) major resistance level, this will now be support 4. Bottom channel lines Resistance 1. Any prior higher high then the current price 2. Any moving average that is higher then the current price 3. A major support level that was broken to the downside and then comes up to this (old) major support level, this will now be resistance 5. Top channel lines I hope this helps you along your way of the selling strategy. For more info click here |
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| | #8 (permalink) |
| Go Steelers! Join Date: Aug 2005 Location: Arlington, VA
Posts: 7
![]() | Also sell during the weeeeeeeeeeeeeeeeee's and accumulate during the low vol bid whacking (unless you know there's dilution)
__________________ Disclaimer: I just post my opinion based on supporting evidence. Don't get greedy with stocks unless they're meant to be long-term. |
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| | #10 (permalink) |
| Super Member Join Date: Apr 2006 Location: Canada
Posts: 513
![]() | In the interest of simplicity I buy boredom and sell excitement. I buy fear and sell greed. I buy impatience and sell loyalty.
__________________ I am not qualified to give advice. NEVER make ANY decision because of my posts. If you trade based on my excited ramblings you are a complete moron! |
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