Related Topics
Trading , Stocks , ETFs
Share This Page         

How to Easily ID Support and Resistance on Your Charts

See an example in the chart of Bank of America (BAC)

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).

Watch Introduction to the Wave Principle Applied

In this free 15-minute video, EWI Senior Analyst Jeffrey Kennedy explains how to take the Wave Principle and turn it into a trading methodology. You'll learn the best waves to trade, where to set your protective stop, how to determine target levels, and more.

Costco Corp. (COST): Finding Opportunity in Five Minutes or Less

Disney (DIS): How to Catch and Ride Price Breakouts

FedEx (FDX): See Todd Gordon's LIVE Trade

RIOT & MARA: Mining Near-Term Opportunity in Mining Blockchains

Bias is Every Trader's Enemy. This is How You Remove It.

Here's How You Can Make Financial Decisions with Confidence

When Is The Right Time To Exit a "Good Trade"?

The 5 Fatal Flaws of Trading