$Agile Therapeutics (AGRX.US)$ does anybody remember when I...
$Agile Therapeutics (AGRX.US)$ does anybody remember when I posted this a while back maybe 2 months ago? remember how I said this stock is so predictable and that research pays off I can help you predict teacher struck stock prices for at least breakouts - Like clockwork. 58 days this time between 1st & 2nd touch of that line it loves. Last time - 57 days between 1st and 2nd touch. She will break over that line soon.
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Trader-101 : everybody gets lucky once in awhile
Clownarado Trader-101 : Too bad I sold those off but my buy in was rather high.
Think it's going to be worth another go this week?
Trader-101 Clownarado : I think so they're supposed to be coming out when launching a drug really soon
Clownarado : Thanks for the heads up Smrt.
MTPockets : Might be a stupid but is that showing, or what does it representing. Does that 58 days something that is only relative this particular stock.? Sorry I’m probably below entry level amount of knowledge on anything stock market
SmrtTrader 楼主 : No ur fine BakedPotato, only way to learn is to ask. That 2.95 price line seems to be a commonality associated with just this stock. For some reason it seems to be quite a bit of time between 1st and 2nd touch - around 50 days to maybe 70 days in between.
Clownarado : current price 2.93 Seems a bit high to be getting in. DANGIT.
What do you think mister Trader; I'm scared.
(sound of knees knocking fills room)
Clownarado : Hey Smrt,
Analyst for WTI talking about "support level" so is that what you're showing for Agile, the support level?
How do you find them?
SmrtTrader 楼主 : think of support and resistance like this if you are standing on the floor you would want the floor to be solid and be able to do exactly as the name suggests - support you. support is what bears try to break because if support fails then the price will go down. if you are standing on the same floor and you try to go above your ceiling that's called resistance because there's something they're stopping you. Bulls once the price to go past resistance and they try to break that resistance. so in the picture that I included above if and when the price gets above that $2.95 level and it holds above that level for a few days then the process getting past $2.95 AKA resistance will now become the new support. think of it like this that level that you're fighting to get past eventually becomes your friend will hopefully it does once you get past it.
OnlyLuck SmrtTrader 楼主 : Nice analogy @SmrtTraderperfectly explained.
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