If a stock moves through a support level, which direction is
Not what you're looking for?
If a stock moves through a support level, which direction is the stock likely to go?
Purchase this Solution
Solution Summary
The solution provides detailed explanations and answer for the problem.
Solution Preview
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 ...
Purchase this Solution
Free BrainMass Quizzes
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Lean your Process
This quiz will help you understand the basic concepts of Lean.