Although support and resistance should be tested a number of time to be more reliable. What we have to go on for GQC is 52 then 40 for support. I use a system of 3's and 7's on day and swing trades so if GQC breaks 57 then next resistance is 53, breaks, see 47, and so on. This has been good for me because it uses concrete numbers to rely on and follow. I use this for trailing stops as well, etc.
That was a good report yesterday considering what results proceed that announcement The market always knows and they ran the stock down last. few days to a level most would say was support. Not so.Geeze, I'm out and a buying opportunity may be soon. GLTAL , you'll do great. But if you want to day or swing support and resistance speaks columns.