There are many investors who call themselves technical traders. And the first thing a technical trader learns is where to find support levels. These are areas where there is a high likelihood of potential buyers stepping in to "support" or keep the price from falling lower. Support zones are also refered to as demand zones. It is not easy to find support zones on all ticker symbols but some tickers form very clear trends with obvious t...

Support and resistance are two basic concepts in technical analysis, which can help traders gain insights into the strength of a price trend. Through this challenge, you can get to know the support level and the myth behind it.
A support level is a price below which a stock doesn't tend to fall over a given period. Do you know how to plot it?
Think of the support level as a straight line connecting two or more low points. Use a single line w...