Stock Market Support And Resistance

Support and resistance occurs when a reversal in price occurs near the same price level multiple times.

The weekly stock chart for Walmart, WMT, shows the stock making the exact same low at $42.31 on 22nd of September 2005 then again on the 18th of July 2006. Knowing at what price significant lows and highs will have you prepared in advance for potential support and resistance levels.

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Identifying support / resistance levels and combining reversal bars can help you identify potential low-risk, high profit trades.

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