Day traders' weekend lounge August 5-7, page-54

  1. 12,635 Posts.
    lightbulb Created with Sketch. 1036
    Hi

    Sorry , if i put in my 2 cents worth.smile.png

    You may recall I posted to you regarding LKE last month when i mentioned that support was at 72 cents.

    Here is a LKE chart as at now. I have drawn in the support line in question and also a rectangle to show how it is now approaching resistance.

    Support gives one an indication that a stock may potentially move higher from this level and similarly resistance may be a point where it retraces from.

    This chart is from Tradingview - I use the free version as I no longer trade,,,paid versions are what @mirren uses and do provide minute candles. If I could suggest start exploring with free versions of any software and see which one you are most comfortable with.

    Please persist - trading is a lonely journey and one that does require a great deal of time and effort to truly become adept.

    Always happy to assist .

    V

    https://hotcopper.com.au/data/attachments/4569/4569604-3cd919f389bf6357279ea4604d94d773.jpg






    swan dn
 
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