http://zacharybass.disqus.com/enMon, 26 May 2008 23:16:04 -0000http://www.zacharybass.com/2008/04/using-support-and-resistance-to-predict-price.html#comment-533327Price support is pretty easy to figure. Here's a simplistic, yet practical view. Simply draw a horizontal line across the chart and move it up and down until the tops and bottoms of candle sticks line up. Do this using several time frames (3 month, 6 month, and 1 year charts). The more candle sticks that line up, the stronger the support or resistance.<br><br>But be careful, you must use this in conjunction with volume. Having many price points that line up on relatively weak volume, are not nearly as strong a few price points that line up on really strong volume.zach_bassMon, 26 May 2008 23:16:04 -0000http://www.zacharybass.com/2008/04/using-support-and-resistance-to-predict-price.html#comment-533064I am still having some trouble predicting where to establish support and resistance of any random company that I may look at. Does it have to be over a small period of time or over a period of a couple months?trinichemeMon, 26 May 2008 22:18:09 -0000