03/31/2025
?𝙤𝙬 𝙩𝙤 𝙙𝙚𝙩𝙚𝙧𝙢𝙞𝙣𝙚 𝙩𝙝𝙚 𝙗𝙪𝙮𝙞𝙣𝙜 𝙥𝙤𝙞𝙣𝙩 𝙤𝙛 𝙨𝙩𝙤𝙘𝙠𝙨?
Resistance and support are the more commonly used buy and sell signals in technical analysis. Generally speaking, if the stock price effectively breaks through the resistance level, there may be strong performance in the future, so you can buy the stock; when the stock price effectively falls below the support level, it means that the stock is weak and there is a risk of further decline, so you should sell the stock.
The method of buying after breaking through the resistance level is suitable for an upward trend. Simply put, the stock does not rise all the time during the upward trend, and there will be a callback in the middle. When the callback occurs, a high point will be formed, and this high point is a resistance zone. The sign of the end of the callback is generally that there is a big positive line that breaks through this high point, that is, it breaks through the resistance zone. The increase of this big positive line is generally more than 5%. The greater the increase, the better. If the trading volume is multiplied at the same time, it means that the accumulated energy is sufficient and there is a large room for future growth.
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