BAYERCROP long time resistance broken - Buy on deep
'A stock nearly always gets support the first time it reacts back to old high levels and the main trend would be considered up as long as it stayed above old resistance levels.'
'Before any stock starts on a big advance or decline, a long period of time is required for preparation, or accumulation or distribution.' .... W D Gann
Both the ideas true in BAYERCORP. It remain in range of 3000 to 5000 for more than 5 years. Long time resistance broken & closed above monthly range. Breakout with volume.
Whenever you get any deep, accumulate.
Note - risk management is more important than all other. Invest only which you can risk.
'Before any stock starts on a big advance or decline, a long period of time is required for preparation, or accumulation or distribution.' .... W D Gann
Both the ideas true in BAYERCORP. It remain in range of 3000 to 5000 for more than 5 years. Long time resistance broken & closed above monthly range. Breakout with volume.
Whenever you get any deep, accumulate.
Note - risk management is more important than all other. Invest only which you can risk.