Testing Resistance is a funny thing.
Breakouts rarely occur on the first occasion that a support level is broken.
Although 28 cents was a definant resistance level, its first incursion above this was to 34 cents before a retrace to test support at 28 cents.
So to confirm the breakout it needs to surpass 34 then its foot down.
Hope this justify's my observations
IMO only
DYOR
- Forums
- ASX - By Stock
- NKP
- chart alert 34 cent level for breakout
chart alert 34 cent level for breakout, page-5
Featured News
Add NKP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online