Hi,
I am trying to learn more about finding support and timing to enter a stock.
I saw that this past Friday 1/22 one of the discord servers posted a suggestion that TOMZ may be a good buy. The opening number was $4.60
I tried to check the supports (see here), and I see over the past 5 days, there was support at about 4.35 with only a drop to 4.1 and what point of time in the past month. The resistance for most of the month was 4.65
So while there may have been some news that would lead one to believe it will go up. Why would $4.6 be a safe number with support?
Thank you
I am trying to learn more about finding support and timing to enter a stock.
I saw that this past Friday 1/22 one of the discord servers posted a suggestion that TOMZ may be a good buy. The opening number was $4.60
I tried to check the supports (see here), and I see over the past 5 days, there was support at about 4.35 with only a drop to 4.1 and what point of time in the past month. The resistance for most of the month was 4.65
So while there may have been some news that would lead one to believe it will go up. Why would $4.6 be a safe number with support?
Thank you
