Why people like to say need to see/stand/hold/etc 140 first only can see 150, like duh? as if we gonna see 150 first only can see 140
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
7
Translate
Report
13K Views
Comment
Sign in to post a comment
MingtongToh
:
Because 140 is a huge resistance. If the stock close above 140 means it shows strength of inflow. Then the follow trading days people will start buying pushing the stock upwards for a breakout.
However, if it doesn’t close above resistance, short term traders sell and no surge of inflow, the stock cannot go pass the wall which is around 140 for now
MingtongToh
Wolfviola
:
Yea… You need volume to push pass the resistance. One of the ways is to hold and stabilize at resistance. Other way is positive news that drives volume inflow.
MingtongToh : Because 140 is a huge resistance. If the stock close above 140 means it shows strength of inflow. Then the follow trading days people will start buying pushing the stock upwards for a breakout.
However, if it doesn’t close above resistance, short term traders sell and no surge of inflow, the stock cannot go pass the wall which is around 140 for now
digimonX : Ya, many fortune tellers here.
TableMooMoo MingtongToh : Agree to mingtong.. we will see some slight fallback for the time being as there is no strength
Wolfviola : hahahahahaha!!! they probably mean need to see it break the 140 resistance level first then can see it trend upwards
pig-dragon OP : Ok thanks all for clarifying
When they put all that in 1 sentence then it makes me feel this way
一个来自马来的韭菜 : Actually, 140 is important, but it is also very important that the decline has swallowed more than half. Just waiting for good news.
MingtongToh Wolfviola : Yea… You need volume to push pass the resistance. One of the ways is to hold and stabilize at resistance. Other way is positive news that drives volume inflow.