MickeyBJ
I am quite new to it as well, best thing you can do is search for "learning Technical Trading"
You should be able to find something there on both finding support and resistance in the charts and in the buy/sell depth.
A resistance line is basically a price point where the sp has had trouble breaking through, it may bounce on this line a few times before breaking through, when it does that same line is below the sp and then act as a support ine which the sp can then use as just that, support, to stop it doing below the line.
Thats the way I look at it but there are far more educated people here on the subject then myself
Cheers
MickeyBJI am quite new to it as well, best thing you can do is...
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Last
39.0¢ |
Change
-0.005(1.27%) |
Mkt cap ! $566.5M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.8¢ | 38.5¢ | $1.972M | 5.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 76111 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 82464 | 3 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| IMM (ASX) Chart |