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Support And Resistance Day TradingTwo of the most important analysis elements you'll need to be successful in day trading are support and resistance. Support is the price level that marks when a stock temporarily stops falling. Conversely, resistance is the level marking the price when a stock temporarily stops rising. The ability to calculate the zones for resistance and support on a given stock or any of the indexes will determine how much of a profit you'll see while day trading. You will also need to understand supply and demand. The more demand for a company's stock, the quicker the resistance will fall apart and the stock price will continue to rise. If there is less demand, the support will fall and so will the stock price. Support and resistance levels are used most effectively in day trading, but they can be applied to any market time frame. Those who are the most successful at day trading learn how to calculate and use support exclusively in trading. Learn How to Win at Support and Resistance Day Trading Find out why so many other day traders have turned to us for the tools and resources they needed to become true success stories. Read the testimonials from our grateful alumni, then email us at info@oexoptions.com to get started today.
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