[quiet investor]

Technical support and resistance on a stock chart does not prevent a stock from moving towards its intrinsic value in the long-term whether that is above a technical resistance level or below a technical support level. Wouldn't it be better to determine the true cash value for your stock and buy at a discount and then wait until price follows value? Then when it goes down significantly from where you first bought, you can invest in more stock and have a lower average discount instead of feeling that you were wrong and paying that money to brokers for commissions. It's nice to be happy when your stock goes down and buy more instead of adding to your expenses. Just my thoughts.