Support & Resistance

[darwisy]

Support and Resistance is one of the most important and fundamental part of technical analysis:

* Support: Prices should rise after touching support.
* Resistance: Prices should fall after hitting resistance.

An example of price respecting support and resistance lines is given next in the chart of the Semiconductor HOLDRS (SMH):

When support and resistance has been firmly established: Buy Signal - Price touches support

Buy Signal
Buy when price touches the support line

Sell Signal
Sell when price touches the resistance line.

Breaking Support & Resistance

Another fundamental concept of support and resistance is listed next and is shown in the chart below of Alcoa (AA) stock:

* If price breaks below support, then that support level becomes the new resistance level.
* If price breaks above support, then that resistance level becomes the new support level.

Support and Resistance are basic yet vitally important technical analysis tools. On every time frame, intra-day, daily, weekly, and monthly, Support and Resistance levels are respected by traders. Knowledge of these levels helps keep a trader on the correct side of the market, thus helping the trader profit.

 

[Be a Yed]

thanks..gud info.... back to basic jap

 

[JGV100]

Terima Kasih Tuan paid


INFO terbaik untuk semua Traders Forex. S & R -----> Basic tapi Technical Analysis tools yang cukup penting. Nadi kepada Teknik CSR100

 

[mydetox]

good info..back to basic

 

[AuraSuccess_88]

Terima Kasih Tuan paid


INFO terbaik untuk semua Traders Forex. S & R -----> Basic tapi Technical Analysis tools yang cukup penting. Nadi kepada Teknik CSR100

wah....nadi kepada csr tu....mmg betoi pun noh.kekeke..

 

[firtdoch]

aku suka support n resistant ni..sbb SnR basic ni la arini 100pip..demo..mmg terbaekk..hehe