AND ansarada group limited

Downside, when a stock breaks out of an ascending channel like...

  1. 14,914 Posts.
    Downside, when a stock breaks out of an ascending channel like the one AND is in, usualy support becomes resistance and it ends up just going in a sideways channel before going down, or they just consolidate by going sideways before going down - or up again. Rarely would a stock like this fall out of its channel and then just keep going straight down, without some kind of retesting of its old support like a double top or somthing. This is just my opinion.
 
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