Imagine a stock’s price is like a bouncing ball inside a room – the floor below is support, and the ceiling above is resistance. The ball bounces off the floor (price rises when it hits support) and hits the ceiling (price falls when it hits resistance). Understanding support and resistance helps you predict where the price might
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3: Support and Resistance Levels
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Imagine a stock’s price is like a bouncing ball inside a room – the floor below is support, and the ceiling above is resistance. The ball bounces off the floor (price rises when it hits support) and hits the ceiling (price falls when it hits resistance). Understanding support and resistance helps you predict where the price might