New to investing...how can you tell when a new floor has been established? Is it simply just an observation of the lowest price before a rebound so there’s not really a definitive way of knowing?

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Posted by jmcwhrter

Member since Nov 2012

6616 posts

Posted on 1/20/21 at 10:28 am to NotoriousFSU

nobody has any clue.. especially with stuff that costs $1

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Posted by AUHighPlainsDrifter

South Carolina

Member since Sep 2017

3126 posts

Posted on 1/20/21 at 10:30 am to NotoriousFSU

How To Determine Floor/Ceilin

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Posted by iAmBatman

The Batcave

Member since Mar 2011

12382 posts

Posted on 1/20/21 at 10:51 am to NotoriousFSU

quote:
New to investing...how can you tell when a new floor has been established? Is it simply just an observation of the lowest price before a rebound so there’s not really a definitive way of knowing?

how dare you question the all mighty AncientTiger, the greatest penny stock picker this board has ever known

This post was edited on 1/20/21 at 10:52 am

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Posted by AncientTiger

Mississippi- Louisiana - Destin

Member since Sep 2016

1380 posts

Posted on 1/20/21 at 11:12 am to NotoriousFSU

quote:
New to investing...how can you tell when a new floor has been established? Is it simply just an observation of the lowest price before a rebound so there’s not really a definitive way of knowing?

If you subscribe to any number of sites ( Trading View ) is mine, charting is available. Charts allow you to follow trends, channels , etc. Good stuff to learn since its your money. Currently we have a large Fund ( probably Sabby ) sitting on ZOM controlling the movement. The FUND is trading pennies all day long on a ALGORITHIM moving ZOM up and down the channel. Until SABBY is full or there is a PR to drive the price up with volume, we will sit in this channel for a few days. Enjoy the ride nothing to worry about.....GL

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