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Price Movement After Resistance Is Broken
Posted by Stock Online Trader on June 1, 2008 in Emerging Markets, Health Care Sector, Technical Analysis
MR provides a good example of how when a strong resistance is broken it takes a quick leap ahead. $40 has been a strong resistance for MR and it took many attempts before it could break it convincingly. Now $40 should hold as a support. I am currently short MR with an average of $40.50 [...]
How Can Resistance & Support Help Traders ?
Posted by Stock Online Trader on June 6, 2007 in Educational, Technical Analysis
People who look at technical analysis to trade stocks, should always know the concepts of resistance and support levels. They are undoubtedly two of the most highly discussed attributes of technical analysis. They seem complex to begin with, but they actually are not. Lets look at these levels in depth to get a better understanding [...]