September 4, 2016
All Setup Can Fail
All chart setup can fail, trading stock is no different from running a business. No one can guarantee every business will make money. There are too many examples. Many company comes and goes, even some have exist for more hundreds of year.
S10 Supper Group Stock Chart
When there is good news, price spike be aware. the price pullback after spike, thereafter the price keeps test the same level. The level also a resistance turn support. The price cannot goes any lower due to the support, but when the support fail to hold the price. The price has just like waterfall and continue move lower. The price respect the past strong support. The price bounced up and retest the support again.
So, can the support really hold the falling knife? Will see.
September 2, 2016 Supper Group Limited Daily Chart
Moses Stock Column
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