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Support and Resistance

If you're at all familiar with trading you've probably heard about support and resistance. In fact, if you look closely you can see support and resistance in anything with regular price fluctuations, from gasoline to loaves of bread. In simplest terms a resistance is a price it's hard for something to rise above, while a support is a price it's hard for something to fall below.

If you graph a price and it comes up as a stepped line, the points are your supports....(login to view article)

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