Here's another Observation. Kind of like a Self-reminder.
(IBM) gapped down during opening. The Opening Bar was a long weak one, and then it rebounded. Soon after, it re-tested the Opening Low. As it was approaching the Opening Low, that's when I checked the Daily Chart (see first chart above.) I noticed that there is a Supporting Range near the $64.50 level. I drew that line on the 2nd graph, and I quickly noticed that the Profit Margin isn't that great if I am to enter this trade. Therefore, I will classify this as a 'learner-type' of trade.
Clockwatchers movie review & film summary
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"I take hope when I see a movie like this because it means somebody is
still listening and watching. " -- EBERT OF ALL PEOPLE
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