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Trading terms are often thrown around a lot. And if you don’t know the terminology, it can sound like a different language. The only way to fix that is with a solid education. Today, Tim Bohen takes on support and resistance in this breakdown of technical analysis for beginners. Study up now!
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🔴Traders Blueprint Free Guide: https://stockstotrade.info/38CRL7O
🔴Check out the SteadyTrade Podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/15eOGx6Bc7c
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
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Why does support and resistance matter — and why do traders fixate on these terms and levels?
Ultimately, you’re looking for breakout areas. And on the short side, you’re looking for breakdown areas. These are both key for setting entries and managing your risk.
Tune in for a chart example on Plug Power Inc. (NASDAQ: PLUG). It’s been a hot electric vehicle play since last year. You can see that big volume in February when a lot of traders bought the breakout.
Then, the coronavirus came along. The market crashed hard and the stock went sideways … All of the bag holders got stuck...
Then, four to five months later, you can see the resistance level break. All of those bag holders are now green and adding to their positions.
What happens?
Volume and price spike. Tune in to find out what to watch when the resistance level breaks and what it can mean for a potential trade. And catch the video to see how this can set up an opportunity for a potential dip buy.
Remember to always have a plan and stick to your stop. Support doesn’t always hold. Utilize the three-to-one risk/reward ratio. It’s essential to have intelligent levels to base your risk on.
Use the chart to guide you!
#StockMarket #Support #Resistance
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
🔴 Try StocksToTrade for $7: https://stockstotrade.info/38EwASN
Trading terms are often thrown around a lot. And if you don’t know the terminology, it can sound like a different language. The only way to fix that is with a solid education. Today, Tim Bohen takes on support and resistance in this breakdown of technical analysis for beginners. Study up now!
🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade
👉Share this video with a fellow Trader:
✅ Links we mention and recommend:
🔴Try StocksToTrade for $7: https://stockstotrade.info/38EwASN
🔴Get our FREE weekly watchlist here: https://stockstotrade.info/38CsNoZ
🔴Traders Blueprint Free Guide: https://stockstotrade.info/38CRL7O
🔴Check out the SteadyTrade Podcast: https://steadytrade.com
✅ Recommended video: https://youtu.be/15eOGx6Bc7c
✅ Recommended playlists:
🔴SteadyTrade Podcast: http://bit.ly/2SXbrv7
🔴Stock Trading 101: A Day Trader's Guide: http://bit.ly/2sqs1ZZ
🔴Advanced Stock Trading Tips: http://bit.ly/3a32pTM
🔴Trader Spotlight with Tim Bohen: http://bit.ly/36TTzG3
🔴StocksToTrade Software Tips and Tricks: http://bit.ly/375GSry
🔴Weekly Trading Recap Videos: http://bit.ly/3a32uXA
🔴Charts and Patterns: http://bit.ly/2uj2KBO
✅ Follow StocksToTrade on social media:
Instagram: https://www.instagram.com/stockstotrade/
Facebook: https://www.facebook.com/StocksToTrade/
Twitter: https://twitter.com/StocksToTrade
Why does support and resistance matter — and why do traders fixate on these terms and levels?
Ultimately, you’re looking for breakout areas. And on the short side, you’re looking for breakdown areas. These are both key for setting entries and managing your risk.
Tune in for a chart example on Plug Power Inc. (NASDAQ: PLUG). It’s been a hot electric vehicle play since last year. You can see that big volume in February when a lot of traders bought the breakout.
Then, the coronavirus came along. The market crashed hard and the stock went sideways … All of the bag holders got stuck...
Then, four to five months later, you can see the resistance level break. All of those bag holders are now green and adding to their positions.
What happens?
Volume and price spike. Tune in to find out what to watch when the resistance level breaks and what it can mean for a potential trade. And catch the video to see how this can set up an opportunity for a potential dip buy.
Remember to always have a plan and stick to your stop. Support doesn’t always hold. Utilize the three-to-one risk/reward ratio. It’s essential to have intelligent levels to base your risk on.
Use the chart to guide you!
#StockMarket #Support #Resistance
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.
Still on the grind analyzing all your videos, everyday learning something new
1 bag holder from 2008 disliked this
You explained that very well. Thank you
Watched this video 5/23/2021 …. How much does reading the day’s tape play into the analysis?
Watched this video 1/22/2022 – need to rewatch
Tim, what is the name of “one of the best technical analysis book ever” that u mentioned at around the 11 minute mark?
"You miss 100% of the shots you don't take."
Wayne Gretzky
Great video Tim Bohen! Thanks!
what is that book u are talking about timbo?
Great info. What is the best broker to use with StocksToTrade?
Great educational video and thanks for sharing this with me.
I watch alot of info videos on stocks. I think you're the best mentor for beginners. Noone explains the basics in simple terms as well as you do. Thank you Tim! Please continue to speak to me like imma 5year old lol.
$AGFS easy money tommorow boys💵💵💵💵
Thanks Tim !!!!!!
Thanks for the info…. you definitely help break it down to what all that means!
Appreciate all your help and time
Great info! Thank you for putting this together and sharing!
🙏 thank you for your time Tim
Support and resistance levels work great for swing trades!
Thanks again for this video. I know you’re too busy to do these, but you do it for us that want to learn.