Support at the 50% Float Channel Line

2. Support at the 50% Float Channel Line
(ABC LONG Float Set-Ups)
Once a stock's price moves above the float turnover at the bottom, it will at some point come under selling pressure and move lower.  It might find support at any of its float channel levels.  One very come place to find support is the 50% float channel line as is seen in the example below. 

Study a collection of float turnover formations at our New Archive Table.