by Debbie Hodgkins
Updated: January 23, 2017
You've probably heard the terms "support" and "resistance." Common technical analysis terms, they are price points on a chart that can help determine when a move will pause, or even stop and reverse.
There are many different ways to identify support and resistance on your charts. In this 6-minute lesson, the editor of our Trader's Classroom education service, Jeffrey Kennedy, shows you one of the easiest and most effective methods (example: Bank of America, NYSE: BAC).