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.
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Wish I saw this a long time ago
The concept is stable, but the operative word is, if. This is a game or situation of chance.
thanks!!
what the heck is dip but???
Awesome video and thank you ???????
Your video is really useful and easy understand. I love to see more video from you. Thank you.
I love you!! Haha
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
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?
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?
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 😉
What is the time frame of this pattern? Within mins, hours, days, weeks?
Very useful information. ? wish to c more videos.
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…