Buying Stocks Bouncing off Support vs. Breaking Resistance



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:

? Newsletter & Announcements :
? Discord Group:
? Freebies:

? Start Here:
? Options Basics:

ONE-ON-ONE COACHING & MENTORING :::
⚽ Coaching:
? Options Mentoring (4+ Months)

PRODUCTS ::::
❤ Courses:
? Books:
? My Tools:
? My Equipment

? SOCIAL MEDIA:

? MY YOUTUBE CHANNELS:
TradersFly:
CriticalCharts:
BackstageIncome:
MyLittleNestEgg:

? WEBSITES:

? SOCIAL MEDIA:

? MY YOUTUBE CHANNELS:
TradersFly:
BackstageIncome:
MyLittleNestEgg:

? 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.

? 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.

Related Posts

19 thoughts on “Buying Stocks Bouncing off Support vs. Breaking Resistance”

  1. Very clear explanation. Easy to understand. But how about if you're seeing through consolidation to breakout, say symmetrical triangle what should be the ideal buy point? before or after the breakout? Thanks

  2. 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

  3. 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?

  4. 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?

  5. 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 😉

  6. 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… 

Comments are closed.