See chart for explanation
Comment:
Praise Lord, we are at the resistance level now , let's wait and see if it breaks above
Comment:
Ah, another false breakout, another reminder not to buy at breakout and risk unnecessarily your capital. Be patient.
Comment:
watch closely.... going to break out soon
Comment:
Not good, it breaks down from the bullish trend line and if it breaks down further , it will revisit the support at 39.95. Watch first, not buying
Comment:
We are getting closer to the end of the bearish trend line and the price seems well supported at 39.95 level. Watch for the breakout