Autodesk’s stock (ADSK) took a hit after Q3 earnings, despite beating estimates, due to shrinking margins. However, the price drop may have found support around the $293 level, a former resistance point. This article analyzes the technical factors suggesting a potential upward trend.
Results for: Support and resistance
Amazon’s stock price has been bouncing around the $180 level, illustrating a classic market dynamic: support turning into resistance and vice versa. This phenomenon, driven by buyer and seller remorse, highlights the importance of key price levels in stock market analysis.
Understanding support and resistance levels is crucial for traders. This article explores how these levels can shift, turning former support into resistance and vice versa, using Coinbase Global Inc. (COIN) as an example. Learn how these dynamic levels can influence trading decisions and potentially generate profitable opportunities.
Contrary to the belief that the market is a random walk, savvy traders can identify key price levels and predict trend reversals. This article explores the concept of support and resistance levels using Southern Company (SO) as an example, showcasing how understanding market psychology can lead to profitable trading opportunities.
Micron Technology’s stock price is showing clear signs of support and resistance levels. Benzinga explains these concepts, highlighting how they can influence stock price movement and how they can shift from one to the other.
The USDCHF pair has faced support at its 100-bar moving average on the four-hour chart on both Tuesday and today. This moving average will be a key indicator for downside movements going forward. On the upside, highs reached new weekly highs on Wednesday and Thursday, creating a swing area ceiling between 0.91469 and 0.91558. Breaking above this range would signal a bullish bias. The 100 and 200-hour moving averages lie between 0.9117 and 0.9126, providing short-term support for the pair.