28th Feb 2011 – Pattern Study - F

Ticker:

 

1. F

 

Topic:

 

1. Previous resistance is current support.

 

Lesson Learnt:

 

1. Always find out where was the previous strong resistance line is because once it is crossed it is now the strong support line.
2. In this case F has a strong support line at $14.50 and furthermore it came with a trend line support.
3. Just kick yourself if you miss the entry.

 

Intraday Chart

-NA-

Historical Chart