Technical Analysis For Beginners, Pt. 2

Price Trends reflect the general direction in which a stock's price is moving over time.

Identifying uptrends (rising prices) and downtrends (falling prices) is essential in technical analysis to understand market sentiment and potential investment opportunities.

Trend Lines are drawn on price charts to connect consecutive higher lows (in an uptrend) or lower highs (in a downtrend).

They provide a visual representation of a stock's price trajectory, aiding in recognizing potential reversal points or areas of interest.

Support and Resistance Levels are key price thresholds where a stock's price tends to find significant buying (support) or selling (resistance) pressure.

These levels are crucial for traders and investors to make decisions on when to buy or sell a stock.

By incorporating these technical analysis tools, investors can gain valuable insights into price movements and potential turning points, enhancing their ability to navigate the stock market with greater precision and confidence.

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