Support and resistance 1-0-1

Name: Support and resistance 1-0-1
Uploaded: 2024-02-22T21:44:50+00:00
Duration: 53 s
Channel: Sean Twizer
Description: In this concise instructional video, the speaker explains the fundamentals of support and resistance in technical stock analysis. Support is described as…

22 Feb 2024 · 1 min

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0:53

In this concise instructional video, the speaker explains the fundamentals of support and resistance in technical stock analysis. Support is described as a price floor where many buyers are poised to purchase, while resistance is a price ceiling where sellers aim to take profits. The video highlights that once price breaks through resistance, that level can become new support and is often retested. It emphasizes that the more times a level is touched and reversed, the stronger its perceived significance, and that support/resistance identified on higher time‑frames (e.g., weekly) are considered more robust than those on short‑term charts (e.g., 10‑minute). The speaker advises viewers to keep these principles in mind when charting stocks.

Chapters

This is the last support and resistance video you're ever going to watch. Support, as the name suggests, is a price area which a lot of people are waiting for to buy the stock. Think of it as a floor for the stock price. Resistance, on the other hand, is going to be a place where a lot of sellers are waiting to take their profits and sell the stocks. Once buyers manage to break through resistance, it now acts as support for the stock price, and usually it will go back and retest the same levels. The more times a stock has touched the support or resistance lines, and reversed, the stronger it is going to be perceived. And lastly, the higher the time frame you're looking at, the stronger the support is going to be. Support on the weekly chart is going to be considered a lot stronger than the support on the 10-minute chart, and it tends to get respected more. So do keep this video in mind next time you're charting your stocks.