Support And Resistance Levels by John J. Kosar
ARTICLE SYNOPSIS ...Support And Resistance Levels
by John J. Kosar
With the advent of personal computers and charting software, support and resistance levels and their
value as a technical tool have been overshadowed by sophisticated indicators. Nonetheless, support and
resistance levels are one of the most basic and essential components of technical analysis.
Support and resistance are price areas where an abundance of trading has taken place and where
considerable buying or selling pressure exists. Underlying support (that is, buying pressure) keeps a
market in an uptrend, and overhead resistance (selling pre...