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Buying Stocks Bouncing off Support vs. Breaking Resistance

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Two Ways to Purchase Stock BUYING AT SUPPORT You can purchase when the stock bounces off the support and is heading in an upward direction. Support buying is typically healthier than resistance buying in terms of risk management. BUYING AT RESISTANCE You can purchase as the stock clears the resistance area. Buying at resistance is riskier than buying at support because once the stock clears the resistance it will bounce off the new resistance line, but may dip back to prior levels if it isn't strong enough to continue upward. You also do not want to purchase as the stock is descending because it may just continue to descend. ★ SUBSCRIBE TO MY YOUTUBE: ★ http://bit.ly/addtradersfly ★ ABOUT TRADERSFLY ★ TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing. Stock trading can be a brutal industry especially if you are new. Watch my free educational training videos to avoid making large mistakes and to just continue to get better. Stock trading and investing is a long journey - it doesn't happen overnight. If you are interested to share some insight or contribute to the community we'd love to have you subscribe and join us! STOCK TRADING COURSES: -- http://tradersfly.com/courses/ STOCK TRADING BOOKS: -- http://tradersfly.com/books/ WEBSITES: -- http://rise2learn.com -- http://criticalcharts.com -- http://investinghelpdesk.com -- http://tradersfly.com -- http://backstageincome.com -- http://sashaevdakov.com SOCIAL MEDIA: -- http://twitter.com/criticalcharts/ -- http://facebook.com/criticalcharts/ MY YOUTUBE CHANNELS: -- TradersFly: http://bit.ly/tradersfly -- BackstageIncome: http://bit.ly/backstageincome
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Text Comments (20)
eddyvideostar (3 months ago)
The concept is stable, but the operative word is, *if.* This is a game or situation of chance.
LoveResidentEvil4 (1 year ago)
thanks!!
Samar's Gadgets World (1 year ago)
what the heck is dip but???
Samar's Gadgets World (1 year ago)
Sasha Evdakov awesome,thanks Buddy,so is dip made by traders or naturally by company? I think becoz of traders
Romeo Montana (1 year ago)
Awesome video and thank you 👍👍👍👍👍👍👍
Xuan Vu Trinh (1 year ago)
Your video is really useful and easy understand. I love to see more video from you. Thank you.
Starplaque (1 year ago)
I love you!! Haha
Ary Lezcano (2 years ago)
Sashas, what did you man by " if the stock is weak" ? when you were talking about the stock going back down to its previous support line. Thank you
iMightBeNumb (2 years ago)
Hey Sasha, If the stock dips a bit below the support line, how do I know if it's going to break out or if it was just a dip?
eddyvideostar (3 months ago)
The volume will indicate the interest in the stock at a certain period of time, they will move along to the next period of interest -- or this could be interpreted as a market maker or institutional goose chase. Be cautious.
iMightBeNumb (2 years ago)
Hey Sasha, If the stock dips a bit below the support line, how do I know if it's going to break out or if it was just a dip?
Duck My Sick (1 month ago)
u dont
Durrelle Bryan (2 years ago)
Using this example, would it be a common occurrence for a stock to dip below level 1 support shortly after breaking through level 1 resistance or would that just be a case of bad timing? I'm just curious to see where I can find my own regular call points for when I get started trading. I'm currently training myself using online material and Sasha, your videos are one of the best out there by FAR! You're the only one that I plan to buy further knowledge from, keep up the great work ;)
Robert Lam (2 years ago)
What is the time frame of this pattern? Within mins, hours, days, weeks?
Duck My Sick (1 month ago)
1 min for day trading, daily candle for swing trading
eddyvideostar (5 months ago)
It is safer if you buy the whole market and have weeks and months to spare.
Robert Lam (2 years ago)
+Sasha Evdakov Just subscribed to your critical charts. It looks useful, especially for a learner like me. I do have a question, is there certain trading platform which is not suitable for weekly trader? I'm using a british online trading platform called trading 212 and it charges over night interest rate. The interest rate isn't that high but I thought it'll be nice to stick with it if possible.
Robert Lam (2 years ago)
+Sasha Evdakov Thanks Sasha, i'm really liking your videos and help. I'll look into subscribing to your seminar or something
Vidhya Raghu (3 years ago)
Very useful information. 😊 wish to c more videos.
ToGetToTerrapin (4 years ago)
more awesome analysis, thanks again Sasha... TWTR looks to be testing support at the $50 level soon, volume is trending lower, the euphoria surrounding TWTR seems to be waning, and I see 2 red candles in a row... if I see a "3rd black crow" on Monday and a break of the $49.99 level I'm going to begin a short position. I know you rely on Twitter, but have you been watching it trade? meh... 

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