Decent entry?
Decent long term buy point?
Here is a stock that has come back down to the support line it has used for the last 20 years. It was this line that was able to get it passed the resistance line from late 2002 to late 2012. After it broke the high resistance in 2012 it tested it and held as new support. It more than doubled after that point. This puts us at Intersecting line of 20 years of support, and the last major resistance line it has broken through and tested once already and held. Making this a potential spot for some solid support for a long term buy entry. Time will tell.
Here is a stock that has come back down to the support line it has used for the last 20 years. It was this line that was able to get it passed the resistance line from late 2002 to late 2012. After it broke the high resistance in 2012 it tested it and held as new support. It more than doubled after that point. This puts us at Intersecting line of 20 years of support, and the last major resistance line it has broken through and tested once already and held. Making this a potential spot for some solid support for a long term buy entry. Time will tell.
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