BUYING AT SUPPORT
You can purchase when the stock bounces off the support and is heading in an upward direction.
Support buying is typically healthier than resistance buying in terms of risk management.
BUYING AT RESISTANCE
You can purchase as the stock clears the resistance area.
Buying at resistance is riskier than buying at support because once the stock clears the resistance it will bounce off the new resistance line, but may dip back to prior levels if it isn’t strong enough to continue upward.
You also do not want to purchase as the stock is descending because it may just continue to descend.
★ SUBSCRIBE TO MY YOUTUBE: ★
http://bit.ly/addtradersfly
★ 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:
— http://tradersfly.com/courses/
STOCK TRADING BOOKS:
— http://tradersfly.com/books/
WEBSITES:
— http://rise2learn.com
— http://criticalcharts.com
— http://investinghelpdesk.com
— http://tradersfly.com
— http://backstageincome.com
— http://sashaevdakov.com
SOCIAL MEDIA:
— http://twitter.com/criticalcharts/
— http://facebook.com/criticalcharts/
MY YOUTUBE CHANNELS:
— TradersFly: http://bit.ly/tradersfly
— BackstageIncome: http://bit.ly/backstageincome