General Discussion Topics, page-131389

Well yes that right to be honest, however the previous major support and resistances will always be at play, to break through them all that will happen is a little bit of a toss and turn before continuing up. Which I belive the 8c and 15c areas are at this current point in time, as time progresses those trend lines will eventually cause those resistances to be at lower prices, eventually discontinuing them once we see price rise well above them, at that point there will be other new supports where pervious ATH's will act as supports. For now though without information at this time and no price movements above those resistances and supports we should still pay close attention to them as most likely they are a price guide. Of course there are some circumstances where a stock no longer follows a chart and goes parabolic, often thats what we call a pump and dump lol, so a steady increase is often the best form of movement as it is most likely pricing in certain events that have a likely hood to occur. If you see something growing much too quickly then most likely its going to drop, of course this cant be said for all stocks, however if you follow the general rule of thumb then around 75% of trades are successfull.