Yes I've found a high made months ago like the Nov high on Beans that pulled back and then was finally cleared on a breakout and then successfully tested several times in Jan and then ran up again is a perfect spot to buy 'on the 1st bounce' off it. No guarantee new highs will be seen in price but almost invariably you will see price bounce off this support price pt 1st. Then its a free trade up to manage with a stop around that support price buy point as a safety. After all price did breakout over the Nov high and that price did hold up successfully as proven support a few times in Dec as support on the pullback so why wouldn't it hold up now is always the question. Don't really care why but you know many traders will buy there especially the ones that missed the rally the last few times it was tagged along with others that did take the trade and made money. And technical traders and computer trading programs know that is 1st major support as well. Good odds trade I have always found on most everything. Plenty of technical reasons to buy there. And the beauty is if it breaks down below that support point you know it failed and you get out with a small loss.