Answered this 100 times
Overhead resistance on the daily =supply will come from:
🐻shortsellers
🐂profit takers
💼swing trading bagholders
💼intraday bagholders
🧻Dilution (optional)
No overhead resistance on daily = u just lose 1 group of sellers that's all.
#BearTipOfTheDay
Overhead resistance on the daily =supply will come from:
🐻shortsellers
🐂profit takers
💼swing trading bagholders
💼intraday bagholders
🧻Dilution (optional)
No overhead resistance on daily = u just lose 1 group of sellers that's all.
#BearTipOfTheDay
That's why u have to analyze each stock individually. no 2 stocks are ever the same.
example 2 stocks can have the EXACT same chart & fundamentals, but if 1 has a 90% short int and one has a 0%, will they react the same to a catalyst? of course not. one has more potential demand.
example 2 stocks can have the EXACT same chart & fundamentals, but if 1 has a 90% short int and one has a 0%, will they react the same to a catalyst? of course not. one has more potential demand.
that's the whole point of my ADF score concept. if 5 stocks hit my scanners, Im quickly analyzing the supply/demand imbalance of each stock. if im bearish, which 1 has more potential sellers (supply)? which one has less? It's all about stacking the odds in ur favor. Confluence.
Loading suggestions...