Technical Analysis: Support and Resistance on Stock Charts

Technical Analysis: Support and Resistance on Stock Charts Support and Resistance are the building blocks needed in order to read chart patterns properly and to trade effectively. Support: -A psychological level where people believe the demand is strong enough to hold the stock price up -This is similar to a price floor, but it isn't government controlled -A healthy support line hits multiple points at the same level Resistance: -It is the opposite of support -A psychological level where the sellers are putting the stock down -When a stock hits the resistance line, buyers no longer want it because the price is too high, and sellers step in -The more times a stock hits the resistance line, the stronger it is becoming Support and Resistance are the Same: -Support is actually resistance and vice versa -They both equal one another -i.e. once the stock breaks through the resistance level, the resistance line becomes the support line -Resistance lines continue to become support lines as the stock continues to go up -The same is true on the downward level; support lines become resistance lines as the stock goes down -The more trading that is done in a certain level, the stronger that level becomes Additional Notes: -Support and resistance do not have to be horizontal -They can be elevated at different angles and still be support and resistance lines -If the support or resistance is broken that means the perception of the stock has changed -When stocks tank, people are selling their shares and they want less of that stock -If stocks have a lot of resistance and break through the resistance line, there is a high demand for the stock (new product, positive news, etc) ★ SUBSCRIBE TO MY YOUTUBE: ★ ★ ABOUT TRADERSFLY ★ TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing. Stock trading can be a brutal industry especially if you are new. Watch my free educational training videos to avoid making large mistakes and to just continue to get better. Stock trading and investing is a long journey - it doesn't happen overnight. If you are interested to share some insight or contribute to the community we'd love to have you subscribe and join us! STOCK TRADING COURSES: -- STOCK TRADING BOOKS: -- WEBSITES: -- -- -- -- -- -- SOCIAL MEDIA: -- -- MY YOUTUBE CHANNELS: -- TradersFly: -- BackstageIncome: stock market

Curated Educational Videos

Here is a collection of educational videos covering the following topics: Economy, Business Finance, Accounting, Stock Market, Personal Finance, and Investments.

The objective of which is to create a collection of educational videos that will cover various aspects described below.
This page includes a collection of educational videos for beginners to learn about the stock market, stock trading lessons like technical analysis, indicators, candlestick patterns, options trading, foreign exchange trading, cryptocurrency like bitcoin, basic trading psychology and many more.

CPA Exam Review Materials

This covers free educational materials for those interested to learn about accounting, economics, finance, management, taxation and other CPA exam topics.

CFA Exam Review Materials

These are topics that specifically cover investment topics essential for those who wants to have a good understanding of various aspect of financial analysis from an investment perspective.

Options Trading Educational Videos

These are free videos that focus on options trading from the basic foundation to strategies and some general options trading videos including some high level psephology of trading-type tips.