As of 06/18/2024
  Indus: 38,835 +56.76 +0.1%  
  Trans: 14,898 -35.14 -0.2%  
  Utils: 909 -0.27 0.0%  
  Nasdaq: 17,862 +5.21 +0.0%  
  S&P 500: 5,487 +13.80 +0.3%  
YTD
 +3.0%  
-6.3%  
 +3.0%  
 +19.0%  
 +15.0%  
  Targets    Overview: 06/13/2024  
  Up arrow39,900 or 37,650 by 07/01/2024
  Up arrow15,800 or 14,300 by 07/01/2024
  Up arrow960 or 890 by 07/01/2024
  Up arrow17,800 or 16,750 by 07/01/2024
  Up arrow5,500 or 5,250 by 07/01/2024
As of 06/18/2024
  Indus: 38,835 +56.76 +0.1%  
  Trans: 14,898 -35.14 -0.2%  
  Utils: 909 -0.27 0.0%  
  Nasdaq: 17,862 +5.21 +0.0%  
  S&P 500: 5,487 +13.80 +0.3%  
YTD
 +3.0%  
-6.3%  
 +3.0%  
 +19.0%  
 +15.0%  
  Targets    Overview: 06/13/2024  
  Up arrow39,900 or 37,650 by 07/01/2024
  Up arrow15,800 or 14,300 by 07/01/2024
  Up arrow960 or 890 by 07/01/2024
  Up arrow17,800 or 16,750 by 07/01/2024
  Up arrow5,500 or 5,250 by 07/01/2024

Bulkowski's Surmodics (SRDX) Support/Resistance Quiz

Released 4/1/2022.

SRDX: Quiz

Below is a support and resistance quiz. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.


1 / 6
chart pattern

In the above chart, price is about to tumble. Where will it stop? Where will it pause before continuing on?

The answers are on the next slide.
2 / 6
chart pattern

The red lines show support as the stock drops. The green lines show overhead resistance on the way back up. If you guessed nearly any price in the top half of the chart, you weren't far from a turning point.

More on the next slide.
3 / 6
chart pattern

This chart shows the round numbers in red (20, 30, 40, and 50) and green shows the 5s: 25, 35, 45 and 55. Notice how often price stalls near round numbers. The semi log scale is used.

More on the next slide.
4 / 6
chart pattern

Price is about to move up. Where will it stall or reverse?

The answer is on the next slide.
5 / 6
chart pattern

The red lines show downward turning points, green lines show upward ones.

See the next slide for round number support and resistance.
6 / 6
chart pattern

Red lines show round numbers in multiples of 10, such as 20, 30, 40. Green lines are the 5s, such as 25, 35, and 45. Notice how often price turns near round numbers.

The End.

See Also

 
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