Buying Stocks Bouncing off Support vs. Breaking Resistance

Videos
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.

#buyingstocks #stockbounce #breakingresistance #stockmarket #buyingatsupport

Posted at: https://tradersfly.com/blog/bouncing-off-support-vs-breaking-resistance/

πŸ’Œ Newsletter & Announcements : https://tradersfly.com/go/tube/
🎁 Discord Group: https://tradersfly.com/go/discord/
πŸ”₯ Freebies: https://tradersfly.com/go/freebies/

πŸ‘€ Start Here: https://tradersfly.com/go/start/
πŸŽ‰ Options Basics: https://tradersfly.com/go/start-options/

ONE-ON-ONE COACHING & MENTORING :::
⚽ Coaching: https://tradersfly.com/go/coaching/
πŸ† Options Mentoring (4+ Months) https://tradersfly.com/go/mentoring/

PRODUCTS ::::
❀ Courses: https://tradersfly.com/go/courses/
πŸ“š Books: https://tradersfly.com/go/books/
πŸ“ˆ My Tools: https://tradersfly.com/go/tools/
πŸ’» My Equipment https://backstageincome.com/go/computergear/

πŸ’Œ SOCIAL MEDIA:
https://tradersfly.com/go/twitter/
https://tradersfly.com/go/facebook/

πŸ’– MY YOUTUBE CHANNELS:
TradersFly: https://backstageincome.com/go/youtube-tradersfly/
CriticalCharts: https://tradersfly.com/go/criticalcharts/
BackstageIncome: https://backstageincome.com/go/youtube-bsi/
MyLittleNestEgg: https://mylittlenestegg.com/go/youtube/

🌐 WEBSITES:

Home Version 2.0

Home Page

Homepage

Home

Homepage 2.0

Home

πŸ’Œ SOCIAL MEDIA:
https://tradersfly.com/go/twitter/
https://tradersfly.com/go/facebook/

πŸ’– MY YOUTUBE CHANNELS:
TradersFly: https://backstageincome.com/go/youtube-tradersfly/
BackstageIncome: https://backstageincome.com/go/youtube-bsi/
MyLittleNestEgg: https://mylittlenestegg.com/go/youtube/

πŸ“‘ ABOUT TRADERSFLY
Tradesfly is focused on me sharing my experience and knowledge about trading options. Although we include videos related to other areas of trading, the primary focus is trading options. If you are serious about learning to trade options for selling premium, creating spreads, be sure to subscribe to the channel and join our discord group.

πŸ›‘ DISCLAIMER
All of the stocks mentioned in this video along with any other videos we have are opinions and not investment, financial or legal advice. These videos are for general education, information, and entertainment. Do your own due diligence and consult with a registered financial advisor before taking any position since everyone has a different risk tolerance.

Articles You May Like

Legal coalition to advocate for local governments in high-profile cases
Stocks making the biggest moves premarket: Intel, Chevron, American Express, Silvergate and more
CBI chief urges UK to counter US and EU β€˜arms race’ on green subsidies
Stocks making the biggest moves premarket: Boeing, News Corp, AT&T, Microsoft and more
UK’s FCA hints at why its given only 15% of crypto firms the regulatory nod