Posted On: 01/01/2014 7:44:16 PM
Post# of 2561
SPF Daily Chart ~ Breaking Above the Next Resistance Point
SPF is a request from a friend of mine who has been in SPF since mid November when the stock established a bottom in the low 7.00s. (Ummm, thanks Rob, for not sharing it back then, LOL!).
Anyway, easy to read here. Clearly a bottom when it occurred. First targeted resistance would have been the tops at the 8.20s/8.30s. When that was taken out in mid December, the next horizontal resistance points were at the 8.80-8.90 level. That was topped on Monday and Tuesday. Next up is the 9.44 high of June followed by 9.85 of May. Nice move so far Rob, 7.21 to 9.05. Boring But Banking! Good decision based on your following of the chart. GLTA
SPF is a request from a friend of mine who has been in SPF since mid November when the stock established a bottom in the low 7.00s. (Ummm, thanks Rob, for not sharing it back then, LOL!).
Anyway, easy to read here. Clearly a bottom when it occurred. First targeted resistance would have been the tops at the 8.20s/8.30s. When that was taken out in mid December, the next horizontal resistance points were at the 8.80-8.90 level. That was topped on Monday and Tuesday. Next up is the 9.44 high of June followed by 9.85 of May. Nice move so far Rob, 7.21 to 9.05. Boring But Banking! Good decision based on your following of the chart. GLTA
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