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Study Guide for Technical Analysis Explained Fifth Edition, 5th Edition by Martin J. Pring

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5

HOW TO IDENTIFY SUPPORT AND RESISTANCE ZONES

Questions

Subjects to Be Covered

Support and resistance defined

Determining likely support and resistance points

Establishing the significance of potential support/resistance areas

1. True or false: Support is a concentration of supply sufficient to halt a rally temporarily.

A. True

B. False

2. True or false: The price is likely to find resistance at the black line in the following chart if it falls any further.

A. True

B. False

Image

3. Name technical characteristics described in the text that could result in a support or resistance point.

  i. Round numbers

 ii. Emotional points

iii. Significant trendlines ...

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