MichaelGLamothe

LOCK broke lower channel line

NYSE:LOCK   LIFELOCK INC
40 0 1
On Wednesday LOCK found resistance at the upper channel line and today it crashed through its lower channel line thereby breaking the trend.

When looking at levels of resistance & support, those levels should turn into levels of support & resistance once they are surpassed. When LOCK broke out of the classic pivot at 17.99, it should have turned into a level of support, as should 17.60 which was the advanced pivot .

Support did not show at neither the classic nor the advanced pivot . If entries were taken off of those areas, this was in trouble.
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