| StockFetcher Forums · Stock Picks and Trading · WFC - Breakout. | << >>Post Follow-up |
| Mactheriverrat 3,153 posts msg #146994 - Ignore Mactheriverrat |
3/18/2019 4:17:35 PM WFC- Now that's a true breakout above resistance line.  |
| Mactheriverrat 3,153 posts msg #147153 - Ignore Mactheriverrat |
3/30/2019 3:15:38 PM Every time price hits a resistance line it makes that resistance weaker. The breakout is when the price can break that resistance line as in breakout. Every breakout can fail and WFC is a prime example.  |
| graftonian 1,089 posts msg #147466 - Ignore graftonian |
4/20/2019 12:40:20 PM Does ETFC fit the mold? |
| Mactheriverrat 3,153 posts msg #147467 - Ignore Mactheriverrat |
4/20/2019 11:29:05 PM @graf It sure did with a ascending triangle.  |
| Mactheriverrat 3,153 posts msg #147468 - Ignore Mactheriverrat |
4/20/2019 11:32:55 PM DGAZ had a nice breakout.  Now that I've posted it its sure to go down " Joke" |
| dtatu 143 posts msg #147470 - Ignore dtatu |
4/21/2019 11:59:08 AM I think the way to play theses breakouts is 1. either place a buy limit at the breakoout line in the days after the breakout has taken place ( as , most of the time,the market will test again the NEW support (at the old resistance), before really taking off); one may use a stop below a previous significant low, or a close below the NEW support; this will limit the losses if it's a false breakout) 2. or, after the test of the new support(old resistance), wait for a positive day( white candle) and buy on close *just my opinion |
| StockFetcher Forums · Stock Picks and Trading · WFC - Breakout. | << >>Post Follow-up |