Determine support and resistance through candlestick chips and moving averages. In candlestick charts, a rebound after the stock price falls to a certain level indicates support; a pullback after the price rises to a certain level indicates resistance. In moving averages, the 5-day moving average assesses short-term strength, the 13-day moving average represents the main force's average price, standing firm as support, and breaking below as resistance.
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Learn Support and Resistance in 3 Minutes
Determine support and resistance through candlestick chips and moving averages. In candlestick charts, a rebound after the stock price falls to a certain level indicates support; a pullback after the price rises to a certain level indicates resistance. In moving averages, the 5-day moving average assesses short-term strength, the 13-day moving average represents the main force's average price, standing firm as support, and breaking below as resistance.