That's a pretty good example. I think most people don't underrstand S&R at all.

The other day I saw a post from someone who claimed a 'major support line' off the bottom of one single candle. This candle was from about 6 months and price had been nowhere near it. In fact, I think in the entire history of the stock it had only touched that level with that one single candles wick.

Oh no, it couldn't have been a short lived pullback because of some news item, it was a bone fide 'major support level'. Dumbasses...