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petwyt1218
petwyt1218 Oct 15, 16 1:15 AM

Hi Bob. When doing your research, how far back at the daily chart do you look for general trend and areas of support and resistance? Is it just the 1 year chart? Tim Sykes says that long term downtrending charts are bad news and you should look at uptrending stocks, but if a stock is uptrending for a long time it won't really be a penny stock because it will be expensive.

Turbobob
1
Turbobob Oct 15, 16 10:42 AM

If I like a stock, I look first at the 5 year chart. and then zoom in to the one year chart. I don't give too much credence to support/resistance more than 3 years out. I am more interested in what has transpired in the last three years.

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SHiNK

[TimChallenge] Thank you Mark! EBIO in @ 2.93 out @ 3.08 3000 shares. Nice 450 profit

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[TimChallenge] Stopped out of CETX @ 5.1 from 4.87 for $230 gain thanks to Turbobob

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[TimChallenge] Sold my $CECE @ 7.74, having trouble breaking over 7.75, locked in about .2 per share profit, trading safe

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