The Traderszone Network

Published in TZ Latest News 19 February, 2015 by The TZ Newswire Staff

How To Play The Deep Base? MercadoLibre Holds Answer

A breakout from a deep base is risky. The deep base harbors more resistance — in the form of overhead supply — than a shallower pattern does. (Overhead supply is upside price resistance tied to prior purchases of the stock at higher prices by disgruntled investors hoping to break even.) The deep base, though, is sometimes a necessary preface to a successful base.

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