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Chart Analysis

Technical Indicators & Overlays

Computerized Investing > Fourth Quarter 2009

Support and Resistance Levels

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by AAII Staff

In the last “Technically Speaking” column, we discussed trendlines and how you may be able to use them to make sure you are trading with the trend instead of against it.

Eventually, however, all trends come to an end. When looking at a chart, you may sometimes see where rising prices reach a point they cannot break through. Likewise, there are often times when falling prices keep bouncing off some unseen floor. These areas are typically referred to as resistance and support levels, respectively. In this column, we discuss the principles of support and resistance and how you may be able to use them to your advantage.

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