If a stock moves through a support level, which direction is the stock likely to go?© BrainMass Inc. brainmass.com June 3, 2020, 8:06 pm ad1c9bdddf
Most people tend to sell when a stock breaks through a support level. This means a continuation of stock-selling, which will result in a decrease in price of the stock. So the stock is likely going south.
Have a look at the attached file, in which there is an example on the resistance and support level:
Support and Resistance Levels
Another use of moving averages is to ...
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