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: ★
★ 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:
STOCK TRADING BOOKS:
MY YOUTUBE CHANNELS:
-- TradersFly: http://bit.ly/tradersfly
-- BackstageIncome: http://bit.ly/backstageincome
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.
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 ;)
+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.
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...
Owned buildings at another site may be used as alternate workspace if a building cannot be occupied. This depends upon the location of the building and whether the building would be affected by the same hazard that prevented use of the primary building. The alternate facility may be a viable business recovery strategy if the building can be configured with the required equipment or existing equipment can be configured to need business requirements.
Systems and Equipment.
Evaluate these systems to determine whether they meet the needs of the program. Identify and plan to overcome emergency communication system limitations such as weak radio or cellular service or areas where a warning system cannot be heard. Upgrading this critically important system may be required. Verify that these systems are in reliable working condition.
If fuel, battery backup power or batteries are required, make sure the system can run for the required time and chargers are available. Document how to operate these systems and mark the locations of controls. Make sure the information is available during an emergency. Many of these systems also require periodic inspection, testing and maintenance in accordance with national codes and standards. Train staff so a knowledgeable person is able to operate systems and equipment.
Materials and Supplies.
Be sure to compile a list of available resources using the Emergency Response Resource Requirements and Business Continuity Resource Requirements worksheets as a guide.
Preparing for an emergency, responding to an emergency, executing business recovery strategies and other activities require resources that come from outside the business. If there were a fire in the building, you would call the fire department. Contractors and vendors may be needed to prepare a facility for a forecast storm or to help repair and restore a building, systems or equipment following an incident.
The following external resources should be identified within plan documents. Include contact information to reach them during an emergency and any additional instructions within the preparedness plan.
Public Emergency Services.
Contractors and Vendors.