breaks below these past lows

Blackxacto · May 25, 2012

What is a trader saying to me when he is looking to see if a stock price breaks below the past lowest prices over a years time. So what if the price breaks below this imaginary level, does it mean it signals a break downward trend ALWAYS, or for the most part? How often is it just a fluke and the price immediately rebounds?

Do most traders look at the past LOWEST lows when trading?

snsFX · May 25, 2012

It depends on whether it's a bear or a bull market.

Dominator4fx · May 27, 2012

Blackxacto said:
What is a trader saying to me when he is looking to see if a stock price breaks below the past lowest prices over a years time. So what if the price breaks below this imaginary level, does it mean it signals a break downward trend ALWAYS, or for the most part? How often is it just a fluke and the price immediately rebounds?

Do most traders look at the past LOWEST lows when trading?

It depends on the Fundamentals which will drive the price of a stock either in the UP or the DOWN direction. As i have seen that most of the times it is the tarders sentiments that is the most crucial factor

breaks below these past lows

Blackxacto

Junior member

snsFX

Newbie

Dominator4fx

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