A stock chart is simply a visual representation of a security’s price or index over a set period of time. Any security with price data over a period of time can be used to form a chart for analysis.
Support and resistance are basic tools used by traders to identify key reversal areas. Here’s a look at the basics of support and resistance levels and how to determine which levels might be important in the future.
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Technical analysis focuses on market action — specifically, volume and price. Technical analysis is only one approach to analyzing stocks. When considering which stocks to buy or sell, you should use the approach that you're most comfortable with. As with all your investments, you must make your own determination as to whether an investment in any particular security or securities is right for you based on your investment objectives, risk tolerance, and financial situation. Past performance is no guarantee of future results.
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