Monday, August 20, 2007
Trading Education Tutorial
Courtesy of Nirvana Systems
Support and Resistance Levels
History Tells Us When Securites are Overbought or Oversold
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Courtesy of Nirvana Systems
Support and Resistance Levels
History Tells Us When Securites are Overbought or Oversold
Support indicates a level on the chart where we can expect an increase in the demand for a security (buyers take over). How do we know this? By identifying this reaction to this price level in the chart's history.
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