Friday, May 6, 2016

Quote of the Day

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brick
A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
David Brinkley

Quote of the Day

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storm
Talent is nurtured in solitude; character is formed in the stormy billows of the world.
Johann W. von Goethe

Here are the list of PSE companies which price breaks above resistance with high volume (May 5, 2016)


What is a 'Breakout'

A price movement through an identified level of support or resistance, which is usually followed by heavy volume and increased volatility. Traders will buy the underlying asset when the price breaks above a level of resistance and sell when it breaks below support.

Breakout

This chart shows a stock that has historically encountered a lot of resistance near $37, but notice how it heads sharply higher following the breakout.

A breakout is the bullish counterpart to a breakdown.


Disclaimer: We all are aware that stocks that breaks beyond their resistance with a high volume is a good indication that the price will go up, but then again buy on your own risk.

Monday, May 2, 2016

Quote of the Day

success
Success is the sum of small efforts, repeated day in and day out.
Robert Collier

Be Inspired!


ladder
You cannot push anyone up the ladder unless he is willing to climb.
Andrew Carnegie

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