$STRK fell below the 0.085 level.
How did this number come about?
The more frequently a price level is tested, the more weight it usually carries in people's minds. But some believe repeated tests can also erode the support at that level.
When the price moves back and forth across the level, both sides may be shaken out repeatedly. Staying on the sidelines until the direction becomes clear may be the more prudent approach.
Learning to read indicators isn't difficult; the hard part is sticking to the rules when emotions are running high.
#STRK
How did this number come about?
The more frequently a price level is tested, the more weight it usually carries in people's minds. But some believe repeated tests can also erode the support at that level.
When the price moves back and forth across the level, both sides may be shaken out repeatedly. Staying on the sidelines until the direction becomes clear may be the more prudent approach.
Learning to read indicators isn't difficult; the hard part is sticking to the rules when emotions are running high.
#STRK