SDC - Finding the extreme tops
As Smile Direct Club becomes the newest "Meme" stock. It's the fun guessing game of predicting a top where no obvious obvious resistances can be found.
You can look back on monthly / weekly levels to try and have faith in those lines being retested. But which do we ignore and which do we believe?
You can do fib to try to align the previous supports / resistances to predict another.
Thankfully, we are not at all time highs and there are very old levels which are important.
Monthly Volume Weighted Prices become important levels. People "holding" for a change to sell can have that chance at these levels.
Already, the 7.45 was tested and acted a strong resistance. This line was drawn on the first of this month.
The next most important levels are 9.27, 10.67, 12.34, 13.27 and 16.8.
It is extremely tough to say it will absolutely hit these levels, but if you are looking for a price to sell, be sure to draw these down.
You can look back on monthly / weekly levels to try and have faith in those lines being retested. But which do we ignore and which do we believe?
You can do fib to try to align the previous supports / resistances to predict another.
Thankfully, we are not at all time highs and there are very old levels which are important.
Monthly Volume Weighted Prices become important levels. People "holding" for a change to sell can have that chance at these levels.
Already, the 7.45 was tested and acted a strong resistance. This line was drawn on the first of this month.
The next most important levels are 9.27, 10.67, 12.34, 13.27 and 16.8.
It is extremely tough to say it will absolutely hit these levels, but if you are looking for a price to sell, be sure to draw these down.
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