HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Question Re: Gee.... Volume Down...OK....I'll work my magic...But....
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Jan 21, 2019 11:54AM
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Jan 21, 2019 12:49PM

Resistance has to do with where there are sticking points in a share prices movement. So, on the way up, a price would have a hard time pushing through resistance, but traditionally on the way down, that same price level will act as support to keep the price from falling. This is a result of reinforcing effects.

For example, say in the past there was a huge limit sell order at or around $0.42. more people will start to put orders around that price so that they can cash out there profits before resistance is hit hard, and the price starts a negative trend. Over time, these persistent sticking points become more prominent. It is significant when a price breaks through resistance because it is generally done on high volume, and is often met with limit buy orders once it is through that price level. This can propell a stock upward with much velocity causing significant price action.

All the best,

David

 

 

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