Trader's Logbook

As we see a lot of stocks have already lift off far from the ground – breaking resistance level, we thought of those as with bigger risk of falling or at least finding a new support line below its current price compared to MER which has just broken from the strong resistance. Now the 300 level is its support zone and while 288 – 290 is still its strong and established support, the new support may soon mature and will become the ground for lift off. For long term hold, monitor this zone for a possible entry.

Caveat!