What follows is Mike Webster‘s What Would Webby Do for the week of 2/28/2020. The content is a mirror of what Mike originally posted on Twitter with the hashtag #WWWD. Beginning on March 13th, 2020, Mike’s series moved to Investors.com and became the Weekend Market Update.Continue reading
Overhead supply refers to buyers who entered a trade near a high and are now waiting to sell as the stock has had a significant drop in price. These buyers are waiting for the price to rise close to the price they paid so they can get out of the trade with a minimal loss.
The challenge with overhead supply is that these buyers can create resistance to upward price movement.Continue reading
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