Copper Mine Stocks
Copper Mine Stocks
Stock Market Technical Analysis-Support and Resistance Levels Key to Making a Fortune
It is interesting to watch a stock drop to a certain price level a number of times, then bounce back up in price. The stock is said to have bounced off a support level. It is equally interesting to watch a stock rise to a certain price level, and each time, it is like hitting a ceiling. The stock drops back down in price. This is caused by human nature, or common human reactions. They show up on the stock charts as support and resistance levels. This is an important aspect of stock market technical analysis.
A support level is the price at which we may expect a large increase in the demand for a stock, or more buying. A resistance level is the price at which we may expect a large increase in the supply, or more selling of a stock. The price level where a huge amount of stock has changed hands, can be classified as a support or resistance level.
As an example, if a stock trades for 2 months between $24 and $28 per share, the support level becomes $24. The resistance level is at $28 per share. If the stock breaks out of this trading range, and goes up to something like $28.75, we now have what is called a “breakout”. The savvy trader will analyze the volume on the day of the breakout. If the volume is much larger than normal, the breakout would be considered valid, and have a much greater chance of success. This is a stock market technical analysis key. It also adds validity to a breakout if the stock closes above the resistance area it earlier broke through.
The time period support and resistance areas stay valid will vary greatly. They can be very short, or even last for decades. The longer a support or resistance area stays valid, the more significant it becomes. A breakout of a year-long resistance area is much more important, than a breakout of a week-long resistance area.
A great example is high grade copper. Copper was in a trading range that lasted over 35 years. In 2005, copper finally broke through this decades long resistance level. Because of the enormous significance of this breakout, the price of copper shot up like a rocket ship. The very best traders make an astonishing fortune.
Support and resistance areas can be found almost anytime, and on any chart. They make up the basic components that ultimately turn into sophisticated chart patterns. These patterns are what analysts use to predict price movements. As always, the key to proficiency, is to put as many factors as possible in your favor, before taking a position in the market. You always want the odds in your favor, on each and every trade you make. If you do this, and also implement solid money management, you are well on your way to a possible fortune.
Look for another stock market technical analysis article in the near future.
Copper King Mill Visit 9-22-09
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1893 Klondike Yukon & Copper River Alaska Mining Stock RARE! $299.99 |
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RARE HISTORIC 1907 MICHIGAN COPPER MINING STOCK CV $400 $159.96 |
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Old Stock Certificate ELY WITCH COPPER COMPANY 1908 Graphic Mining Corporation $150.00 |
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1900 Montana Mining – PARROT SILVER & COPPER CO. STOCK & STERLING SPOON – BUTTE $130.00 |
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Old Stock Certificate HANOVER BESSEMER IRON & COPPER COMPANY Mining 1918 Stamps $125.00 |
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New York Stock. The Bluebird Copper-Gold Mining Company. 1902 $99.99 |
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Old Stock Certificate SUNSET COPPER MINING COMPANY 1906 Washington Graphic Share $85.00 |
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1853 Stock Certificate: Great Crinnis Copper Mining Co. $85.00 |
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The Nevada-Colorado Gold and Copper Mining Co Stock Certificate $64.00 |
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1897 CHICKAMONSTONE COPPER MINING STOCK CERTIFICATE $54.00 |
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FINE RARE 1921 SILVER LILLIE COPPER MINES CO ARIZONA STOCK CERTIFICATE SIGNED $49.99 |
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1914 Butte-New York Copper mining SD stock certificate $49.99 |
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STOCK CERTIFICATE DONA LOUISA COPPER & GOLD MINING CO. $39.99 |
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King Solomon Copper Mining Co. Limited Stock Certificate, 1912 $39.00 |
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* Antique UTAH COPPER COMPANY STOCK CERTIFICATE MINING $35.05 |
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1907 Mining Stock Parrot Silver & Copper Mining Company of Montana $33.99 |
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Consolidated Copper Mines, Nevada Stock Certificate $30.00 |
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CALIFORNIA MINING STOCK, 1863 SUPERIOR COPPER MINING CO, PLACER CO $29.99 |
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Verde Grande Copper Company 1906 Territory of Arizona mining stock certificate $29.99 |
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Gila Canon Consolidated Copper Company 1917 Arizona mining stock certificate $29.99 |
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SPAIN PENA COPPER MINES stock certificate 1917 $27.99 |
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SPAIN PENA COPPER MINES stock certificate 1905 $27.99 |
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SPAIN PENA COPPER MINES stock certificate 1916 $26.99 |
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Russia Russian Imperial Spassky Copper Mine 1913 £5 Bond Share Loan Stock Coupon $25.00 |
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1800s Winterport Maine Copper Mining Stock Certificate $24.99 |
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1910 STOCK CERTIFICATE CACTUS COPPER MINING MINNESOTA $24.99 |
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1900 WYOMING AMERICAN GOLD & COPPER MINING C0MPANY STOCK CERTIFICATE W STAMP $24.99 |
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RARE MAINE1899 W0LCOTT COPPER MINING C0MPANY STOCK CERTIFICATE FINE NR $24.99 |
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BOLIVIA COROCORO COPPER MINES stock certificate 1922 $24.99 |
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BOLIVIA COROCORO COPPER MINES stock certificate 1911 $24.99 |
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BOLIVIA COROCORO COPPER MINES stock certificate 1913 $24.99 |
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Chesterfield Copper Company 1907 Arizona mining stock certificate share $24.99 |
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U. S. Copper Mining Company 1920 Wallace Idaho stock certificate 21,000 shares $24.99 |
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BEAUTIFUL XXX-RARE 1909 NEW MEXICO COPPER MINING STOCK! $23.96 |
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AFRICA CAPE COPPER MINING stock certificate 1914, 25 SH $21.99 |
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PERU TUCO CHEIRA MINES stock certificate 1905 COPPER $21.99 |
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RUSSIA SPASSKY COPPER MINE stock certificate 1912 $21.99 |
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RUSSIA SPASSKY COPPER MINE stock certificate 1910 $21.99 |
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MEXICO SAN PEDRO Y VEGA COPPER MINES stock certificate $21.99 |
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VTG Butte Copper Consolidated Mines STOCK CERTIFICATE $20.65 |
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AUSTRALIA WHIM WELL COPPER MINES stock certificate 1910 $19.99 |
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Copper Bar Mining Co. Stock Certificate $19.99 |
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Dillsburg Copper Lead & Iron Company Pennsylvania mining stock certificate $19.99 |
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AFRICA CAPE COPPER MINING stock certificate 1889, 10 SH $19.99 |
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AFRICA CAPE COPPER MINING stock certificate 1910, 5 SH $19.99 |
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1909 Stock Certificate-Inland Copper Mining-Prescott AZ $19.99 |
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JEROME VERDE DEVELOP CO ARIZONA COPPER MINING STOCK #1 $19.99 |
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JEROME VERDE DEVELOP CO ARIZONA COPPER MINING STOCK #2 $19.99 |
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JEROME VERDE DEVELOP CO ARIZONA COPPER MINING STOCK #3 $19.99 |
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JEROME VERDE DEVELOP CO ARIZONA COPPER MINING STOCK #4 $19.99 |
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Bonanzas & Borrascas: Copper Kings and Stock Frenzies, 1885-1918 (Western Lands and Waters) $38.99 The second of a two-volume study of the heyday of gold, silver, and copper mining in the American West is unique in both scope and approach. Here is a saga of mines and money, of the richly profitable bonanzas and crushingly profitless borrascas of the West. Richard E. Lingenfelter describes how miners, managers, investors, and speculators produced enormous wealth—spurring the American econ… |
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1903 Vintage Jerome Verde Copper Company Mining Stock AD This is an original single page ad carefully removed from a 1903 vintage magazine. It features a-full page ad as pictured that promotes Jerome Verde stock at 25 cents a share. The property is in Arizona Territory with a main shaft of 475 feet and 2,000 feet of drifts, tunnels and shafts…. |
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Analysis of transportation mode alternatives for an open pit copper mine … |
