Yes I have read trades about to happen. Probably one of the most time consuming books I think one needs to read it two or three times before absorbing all the information (I've only read it once haha). Book revolves around springs/upthrusts/absorption.
So alot of these:
Was hoping to enter the EMC spring on the retest today(like BGS above) but theyve gone into TH.
As for PNN, as
@traderforever pointed out was looking great until I shut my computer off. Looks like someone was happy to offload at 3.3. I've pulled my order and will wait for whoever is selling to stop.
For support you're correct it couldve been anywhere between 0.028->0.031, hard to pick with stocks that arent completely liquid. However I picked 2.8c as support for two reasons:
1. I try pick the lowest point of support this allows me to enter at lowest price, often I'm wrong and price will bounce off a higher level of support but better missing trades than making a loss. I now do support zones as its difficult to pick an exact price.
2. Usually you will know support when there is no selling there (no supply) as you would expect on an area of demand. If there is then I take it as a sign to exit.
