20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Shares of Corsair Gaming, Inc. (NASDAQ:CRSR) have been trending lower. They closed out June at $33.29 and are now getting close to the $30 level.
There’s a good chance the stock finds support if it reaches $30. On March 25 and again on May 11, that’s what happened.
Sometimes, a particular support or resistance level can be important for extended periods of time. This is what the saying "markets have memories" means.
Support is a large concentration of buyers gathered at a certain level. Some of these buyers are patient. They may still be willing to pay $30. They could put a floor under the stock.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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