Analysis about Dow Theory and how to buy and sell, duration to hold etc.,
, , Dow Theory, HB, HT, LB LT, support and resistance
, , Dow Theory, HB, HT, LB LT, support and resistance
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Hi,
This will be the appropriate answer for the question What are Support and Resistance?:
Support and Resistance are the two levels
Support is when the price bounces after a downfall i.e. price increases after a huge decrease in this level buyers buy their stocks
Resistance is when the price reverses after a rise up i.e. price decreases after a huge increase in this level sellers sell their stocks