Wednesday, May 1, 2013
I do not really play stocks this expensive but I thought this was a great chart to learn from.
As you can see the downtrend is broken around Mid March.
After the resistance on downtrend is broken it becomes the support which was tested
and held strong about 10 days ago. Resistance turns to support when it is broken through.
That is a very important thing to remember when trading and this chart shows it very clearly.