If there is news out and then theres resistance at .03,.10, .26 cents above the price would you wait until it cleared all of those resistances or would you just play it given the earnings report or fda approval?
IMO, when you get material news from earnings or the FDA, I can make a case for old resistance levels being on a different stock and they won' t apply. Just my opinion. Bob
====How do you guys play multiple resistance?=== listen man u asking a lot of questions, questions answers to which are fundamental in trading methodology and you expect to get real workable usable answers? one thing i can tell you - separate fundamentals form technicals: news from resistance, etc one either invest or trade
Trend trumps S/R keep it simple, enter with trend, S/R fails too often as its generally counter trend.
even if i would do that it will take to write a book , not a post people here asking so serious questions... probably without real understanding that the serious answers to those questions, the answer that would really answer them are just impossible to write not talking about the fact that the really truthful answers will never be given these are the questions to which trader has to find answers himself... and if he will - he will keep them to himself
%% Well since a good trend, will tend to,will go thru all those; really need much more info for the best answer. But Bioteck/FDA are the most wild ones even if they move max %%, UP + down LOL. BUT ,IBD has a good rule; ''don't quibble over a quarter[ $0.25] + miss the move.'' He later updated it to ''decimal eqiv...'' But the original rule is still great one;''' dont quibble over a quarter + miss the move.'' Average daily range can also help with clues. [JULY-SEPT can be weakest quarter of the year]