I'm Out, so SPL should rocket higher, page-16

I don’t really try and predict prices.

especially if the price is rising. I simply look for supply and demand. I buy in when buyers overcome supply and I exit when supply overcomes demand.

I look for possible areas of resistance on the way up and try to anticipate how the share will react when it hits that resistance.

if the price is falling I’ll look for areas of support where the price may get a bounce.

Note I feel if I try and anticipate a price point it may hold me in the trade longer than if I’m simply looking for weakness.