Support & Resistance Chart Patterns
Support and resistance are rooted on the economic principle of supply and demand. Supply and demand is the market’s attempt to match supply (selling stocks) with demand (buying stocks) on the part of investors. If stock investors think that the stock’s price will fall...
Introduction to Candlesticks
Understanding a Candlestick We’ll use a daily chart for this example. Your stock chart will show price data that shows the open, high, low and close price for each day. The hollow or filled portion of the candlestick is called “the body”. The thin lines above and...
