As of 12/01/2023
Indus: 36,246 +294.61 +0.8%
Trans: 15,464 +445.25 +3.0%
Utils: 876 +9.25 +1.1%
Nasdaq: 14,305 +78.81 +0.6%
S&P 500: 4,595 +26.83 +0.6%
|
YTD
+9.3%
+15.5%
-9.4%
+36.7%
+19.7%
|
34,500 or 36,400 by 12/15/2023
14,500 or 15,800 by 12/15/2023
900 or 825 by 12/15/2023
13,700 or 14,450 by 12/15/2023
4,450 or 4,650 by 12/15/2023
|
|
As of 12/01/2023
Indus: 36,246 +294.61 +0.8%
Trans: 15,464 +445.25 +3.0%
Utils: 876 +9.25 +1.1%
Nasdaq: 14,305 +78.81 +0.6%
S&P 500: 4,595 +26.83 +0.6%
|
YTD
+9.3%
+15.5%
-9.4%
+36.7%
+19.7%
|
34,500 or 36,400 by 12/15/2023
14,500 or 15,800 by 12/15/2023
900 or 825 by 12/15/2023
13,700 or 14,450 by 12/15/2023
4,450 or 4,650 by 12/15/2023
|
|
Bulkowski's Southern Company (SO) Support/Resistance Quiz
Released 4/1/2022.
SO: Quiz
Below is a support and resistance quiz. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.
1 / 2
Price has hit bottom and will rise. Where will it stop?
The answers are on the next slide.
2 / 2
Red lines show where price stopped moving up to the right of the blue line and the green lines show where price found support moving down.
One way to predict where price will pause is to look for "mirrors." These are reflections across an imaginary line, such as the blue one drawn here. The two circles
represent the left and right shoulders of a head-and-shoulders bottom. The valleys are mirrors of one another. By assuming another valley will appear at about the
same price and distance from the head, you can plan your trades accordingly.
Mirrors also work with trendlines. The distance from the trendline to the peak is supposed to equal the decline after price punches through the trendline (and the reverse).
It's not an exact science and it's the measure rule for trendlines.
The End.
❮
❯
See Also
Support this site! Clicking any of the books (below) takes you to
Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."
Copyright © 2005-2023 by Thomas N. Bulkowski. All rights reserved.
Disclaimer: You alone are responsible for your investment decisions. See
Privacy/Disclaimer for more information.
Some pattern names are registered trademarks of their respective owners.