In this video, I want to show you how support can become resistant or resistance can become support.
Let’s discuss support – which is where the stock is being held up. Stocks bounce at the support level and drop back down on resistance level. It is this just a price level – it doesn’t mean it can’t break it or go the other way. It just means that that’s a solid level that has to go through in order to make some kind of progress now support can become resistant.
Watch various levels of support and resistance so you can see where the stock is being held up or is pressed.