Sentences with phrase «initial break of support»
Since I prefer to sell short stocks and ETFs as they are bouncing into resistance, rather than on their initial break of support, the stalling action of $ EEM as it bounces into resistance of its 50 - day moving average now presents me with an ideal, low - risk entry point on the short side (click here to learn more about my short selling entry strategy).
http://www.morpheustrading.com/ Not exact matches
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Initial support is located at the bottom of the price channel and key support is now at 1.4257, a break below this level will indicate that the downtrend has resumed and another fall towards 1.4000 could be seen.
As a recap, the price broke out of this 1st March, but with the recent fall in the market, it will be looking for that initial resistance line as support, tracking just above $ 1000.