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[TimChallenge] $CECE approaching nhod... Thoughts anyone?
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[TimChallenge] i like $CECE over 8, but probably for a swing
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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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[TimChallenge] $CECE, sorry
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[TimChallenge] $STEM being pumped by stock marketplaces.com
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Thanks
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.
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.
Thanks Bob
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