(Total Views: 553)
Posted On: 07/28/2020 3:36:23 PM
Post# of 153887
Imo it is definitely is a living organism
It's is the combined sentiment of a group of individuals ... Living breathing beings.. Psychology
In fact the study of group mentality or response to market activity is basis of technical analsysis.
Why does sp tend to pause or get rejected at round numbers .. 5.00 ... 10.00... 20.00
The same reason commercials advertise price at 19.99 as oppose to 20.00
Why do patterns form and repeat continually throughout all stocks traded... Triangles, h&s, double tops, what about candles which are a graphical representation of buyers and sellers ( individuals) and have been used since the 1700's as a tool to trade by.
Psychology plays a big role
That being said
The current chart for cydy is bullish ... Low volume is to be expected as patterns form and near their end.
It's primed for a breakout to the day... just need news
It's is the combined sentiment of a group of individuals ... Living breathing beings.. Psychology
In fact the study of group mentality or response to market activity is basis of technical analsysis.
Why does sp tend to pause or get rejected at round numbers .. 5.00 ... 10.00... 20.00
The same reason commercials advertise price at 19.99 as oppose to 20.00
Why do patterns form and repeat continually throughout all stocks traded... Triangles, h&s, double tops, what about candles which are a graphical representation of buyers and sellers ( individuals) and have been used since the 1700's as a tool to trade by.
Psychology plays a big role
That being said
The current chart for cydy is bullish ... Low volume is to be expected as patterns form and near their end.
It's primed for a breakout to the day... just need news
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