In this example I only have a tested support at a level of 9.20 without be too precise and is relevant because this level was tested during a period of one year and now the price is showing other direction and it's breaking a recognizable resistance level around 10.50 there are another key resistance level in the 12.40 more or less the more I wait for confirmed resistance line breakout with pullback included the more the price moves away of the today price the more expensive the shares become this is always a dilemma in this activity because if you wait for a better evidence with more weeks, for confirm the intention and direction of the price when the decision is made, it will be more expensive.
I share basic material companies in the mining sector because there are a frenzy of broken resistance lines some are more advanced and other looks lagging but the sector is going up and I follow more than 100 mining companies and Industrial metals and the the majority are very bullish personally I like low priced shares but that does not make them penny stocks all the companies I shared and published are listed they are small cap or mid cap and has a story of more than 30 years in the stock market.
Theory say: find a strong sector and buy. I shared several and the objective is to choose some according to the budget of the client
weeks ago I shared others mining companies and the ideas are working the price is breaking key resistance levels
remember I'm not publish a stock symbol twice.
Not all my ideas work for that is diversification and stop loss
I share basic material companies in the mining sector because there are a frenzy of broken resistance lines some are more advanced and other looks lagging but the sector is going up and I follow more than 100 mining companies and Industrial metals and the the majority are very bullish personally I like low priced shares but that does not make them penny stocks all the companies I shared and published are listed they are small cap or mid cap and has a story of more than 30 years in the stock market.
Theory say: find a strong sector and buy. I shared several and the objective is to choose some according to the budget of the client
weeks ago I shared others mining companies and the ideas are working the price is breaking key resistance levels
remember I'm not publish a stock symbol twice.
Not all my ideas work for that is diversification and stop loss
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.