re: chart for nrt.. The camels back broke. Hopefully most left on the break under $4-65...which was $4-50 immediately on that day.
And I guess all those people that did leave from there were the cause of the rest of the snowball!!?
They have never stpped, so there has been no need to even consider entry/re-entry. When they stop they will bounce, then fallback down, so there is plenty of time to watch and see them form some decent looking base.
$3-80 is the next main Resistance line. But you have to remember that a resistance line is just that.....resistance!! It doesn't mean they won't have lost speed before the next one, and thus might never even get to it. It only means if they are slow/ish then it should hold them if they get there.
They have had a FAST fall, so will be a fast bounce! Looking about 50c+ for that at the current fall distance done so far.
It could come from this $4-00 - totally irrelevant to resistance points - or they could fall a bit more, or even ake the next line.(3-80).
Mathematically, if they fall more the bounce is a bit more too. So with 50c 'cover' already now, you could buy HALF now and throw in the rest if they do go lower. OR remain totally safe and wait for that next line and see IF it comes.
But take that bounce and RUN!! From $3-80 it would be 60c+ area.
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