Using Support and Resistance (Technical Stock Analysis Exercise)

    Back to the technical evaluation article series. Now we can talk one of the maximum essential ideas in technical evaluation, particularly guide and resistance, we can see what guide is resistance. I will try and give an explanation for a way to use it to assist us decide whilst to shop for and whilst to promote our shares. try and exercise shopping for shares the use of guide strength structures to try and get a income then I will come up with a few hints approximately guide and resistance Don't neglect about to observe the technical evaluation article for beginners, sure there might be many follow-up motion pictures approximately evaluation like this beneath, press the triangle right here to look hyperlinks and data It's essential that I've wiped clean the whole thing up, in case you need, you may subscribe so that you do not omit the subsequent article and assist percentage the item in order that extra humans can examine the maximum appropriate definition of guide right here, it is guide due to the fact if the inventory charge helps it does not need to drop beneath a positive charge, it is as if a person will guide you As for resistance, it's far suitable to apply the definition of retaining due to the fact the charge appears to be stuck, it can not cross higher, brother.

Using Support and Resistance

(Technical Stock Analysis Exercise)

    Look at this picture when the price has fallen so many times as if you can't get past that price. It's called support. You don't have to be 100% selective. Or overshoot a little. Since this is normal, we can also change the mark from the line to the resistance area. Otherwise, prices are rising.

    But when it reaches a certain area, it reverts back, and when the price rises again, it can't penetrate like it's staying in the same area. Technical Analysis Articles When trying to analyze the psychology of market participants, support studies are taking place in the market today as hundreds of thousands, even millions of people decide to buy or sell stocks. Many of which can lead to support formation. For example, if the desire to sell a resistance stock causes many to sell at the same price, and may return to its previous high when no one wants to buy, then everyone will be forced to sell their previous high. look natural.

    It is also supported by a very large number of market participants who want to buy the stock and wait for the price to drop to the previous lowest price, but if they don't want to sell it back at that price, the buyer will accept We backtrack again because we need to. Higher price This is called a breakdown or thumbs up because it allows us to take stocks in a way that makes it look like the price is going up when we find that the majority of market participants are not buying at the support price. It's called support, because most of the market participants who wanted to wait for the price to fall and buy didn't want to buy, so the price naturally went up and supported below the resistance. it was done.

    This is because there are still many market participants profiting at prices that were at their previous highs. In general, a price that was previously resistance turns into psychological support during a breakout.

    And there are many scientific studies that say support and resistance do exist and work, so if you support it, it turns into resistance, and you buy and apply for support that doesn't make up for it. The Federal Reserve, the central bank of the United States, has concluded that price action trends often meet a break or resistance at support and further resistance from here. means that if price first meets resistance in the area of ​​support and resistance, then if price breaks through support or resistance, price will continue to move until it meets resistance.

    If you find yourself at the closest support or resistance, to take advantage of this phenomenon, you need to pay attention when the price is approaching support and resistance. For stocks, you can buy when the price breaks above the support or when the price breaks.

    Resistance We expect the price to continue to rise and the price may fall so we can sell if the price reaches or fails to break the resistance. Descending to the next support on the bottom to determine support or resistance, you can start with a high or low swing like a crest or valley of a mountain. Then draw a horizontal line here using the horizontal line tool.

    Also, watch out for even numbers as numbers like these are often strong numbers for psychologists, especially Cal. On a different note, the trend line or trend line can also be used as resistance. When using trend lines, there are at least two swing highs or swing lows and a line is drawn connecting two peaks or two troughs. I usually use a bridle so that I can lock on the vertices. It does not change when moving timeframes or switching from rocker to matic chart area and can also use Cambridge film as support or resistance.

    How to sell and buy vegetable soup using movieflix. Please create another article. More on that later. You can check the resistance again using as many support points as possible to determine which supports and which resistances are really strong and strong.

    It's not indestructible. You need to be careful because there is a possibility that the price will move vigorously if you break through. The first method is to look for points that have been touched many times but bounced off. The next day, we connected 2.0 to take resistance, but if it touches 3 times or more, it can be said that it is a strong resistance, so we will look for points that have touched more than the number of times that the next price has been touched. You can also look at more distant timeframes. For example, if you find Nokia's previously touched area every week, the second is volume. This allows you to see the size of the transaction breaking the support or resistance on the bar. For example, if it is well above MA20, volume means that the majority of market participants have a capital price close to the price.

    Soup naturally forms because resistance means that market participants are more likely to want to sell at a higher price. His third port of test - retest means tested again. Turning to support and fourth, Fibonacci can be used to find support and resistance.

    I'm really strong I wrote a feature article about Fibonacci before. You can then revisit it later. Try resistance-supported restlessness exercises now. Yes, I use Paint on Magic. No need to download anything. Just visit Magic.net to chat and buy. Stocks, just select the trading view here and he will appear on your phone. You can also select the detail symbol on the top right. Remember our previous article? Start with our article on technical analysis for beginners. In this article, we will buy Wika. If it breaks through the trendline resistance and eventually rises another 30% in the Café Nando article, buy Ace stock.

    Resistance will upward push and we take a few earnings till finally, for 100% extra hope, that is the inventory I nonetheless keep till now. Then withinside the Fibonacci retracement article, we use Fibonacci to assist decide aid and resistance in our bbca shares purchase aid at 33,000 and right now promote at resistance at 34600 and this purchase and promote inside half-hour with a bit Pro of round 3 percentage and it's miles demonstrated that Fibonacci can decide sturdy resistance as it seems on the stop of the day whilst ultimate the rate drops first in our bullish divergence article observed there's a hidden police kind in DMX inventory and the rate is beginning to technique resistance so we purchase d430 after breaking the resistance it right now is going up and we take a few earnings at 540 or for round 30% that is additionally a inventory that seems to be going up and we are able to promote it once more above and withinside the article a way to use the mobilebridge beli hrta in 2002 withinside the aid place then whilst the rate broke the resistance withinside the shape of the mobilebridge two hundred the rate went up 28 percentage and we should take a few earnings at 260 for an instance in this newsletter I observed a inventory as it turned into additionally beginning to technique resistance so I queued up on the aid that took the shape The fashion line is at 745 and the resistance is at 790.

    After a few days the resistance started to increase so it turned out to be really good.Finally when the resistance broke the price was just going up and I was already making a 14% floating profit so I decided to design later We were able to sell the last example of , and the price is starting to approach resistance.The shape is a trendline, so when it broke, we bought Rp.8,000 and started to rise slowly.

    Now at 8175, we can make a buy decision. It is very important to look at trend and volume afterwards as we will definitely see support or resistance. First let me give you some tips. I think the entry is safest when bouncing off the support and when breaking the resistance as it makes it very easy to determine the stop loss point.From the previous trade buy before or before breaking the resistance I really like If so, understand that the risk is high as it does not necessarily lead to a specific uptrend.Resistance hints are always combined with other indicators. For example, the holiday types discussed in the Divergence article. Or note that the role is very strong. I will write a special article about the second trend later. Technical analysis is not an exact science. Here are some ways.

    We then pause as we need to be able to adapt to the optimal path as the market moves. Must have Athlos points. If you fall short of support immediately after your purchase, you know you need courage. Without hesitation, Carlos buys shares that can be registered magically with a unique code. finance. Yes, later he gets 100 shares.

    Technical He shares the analyst's video. Don't forget to subscribe so you don't miss it. Suggest it on Motoprix. Discussed first was brother Pichim, who also has non-equity topics such as mutual funds and bonds on some playlists. See if you want to know more. I did twitter and tiktok. Don't forget to follow us. , Thank you

Location:

Berbagi :