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Phillip Securities Research PTE Ltd Singapore 14 March 2011 Technical Analysis Weekly Support & Resistance Monitor S & R here denote price based support and resistance for the counter. S1 and R1 are

How to fill out weekly support amp resistance

How to fill out weekly support and resistance:

1. Start by identifying the timeframe for your analysis. In this case, we are focusing on the weekly support and resistance levels.
2. Gather the necessary data for your analysis. This includes historical price data for the asset or security you are analyzing. You can obtain this data from various financial websites or trading platforms.
3. Plot the support and resistance levels on the price chart. Support levels are areas where buying pressure is expected to be strong, preventing further price decline. Resistance levels, on the other hand, are areas where selling pressure is expected to be strong, halting further price increases.
4. Use price action techniques and technical indicators to identify potential support and resistance levels. Price action techniques include trendline analysis, chart patterns, and candlestick patterns. Technical indicators such as moving averages, Bollinger Bands, and Fibonacci retracements can also be used to identify these levels.
5. Once you have identified potential support and resistance levels, mark them on the price chart. This can be done using horizontal lines or other visual tools available on your trading platform.
6. Evaluate the significance of each support and resistance level. Some levels may have more historical relevance and significance than others. Consider factors such as the number of times the level has been tested, the duration it held as support or resistance, and the volume traded at that level.
7. Monitor the price action around these levels. Pay attention to how the price reacts when it approaches a support or resistance level. A strong bounce off a support level or a rejection at a resistance level can provide valuable insights for your trading decisions.

Who needs weekly support and resistance?

1. Traders: Traders, especially technical traders, use support and resistance levels to make informed trading decisions. These levels help traders identify potential entry and exit points, manage risk, and set profit targets.
2. Investors: Investors can also benefit from understanding support and resistance levels. These levels can provide important insights into the overall trend and market sentiment. Investors can use this information to make informed decisions about buying or selling assets.
3. Technical Analysts: Technical analysts use support and resistance levels as a key component of their analysis. They rely on these levels to identify trends, confirm price movements, and forecast potential future price levels.

Overall, anyone involved in the financial markets can benefit from understanding and utilizing weekly support and resistance levels. Whether you are a trader, investor, or analyst, these levels provide valuable information that can assist in making more informed and profitable decisions.

For pdfFiller’s FAQs

What is weekly support amp resistance?

Weekly support and resistance levels are key areas where the price action of an asset may experience a stall or reverse in direction.

Who is required to file weekly support amp resistance?

Traders and investors who use technical analysis in their decision-making process often track and report weekly support and resistance levels.

How to fill out weekly support amp resistance?

To fill out weekly support and resistance, traders can use historical price data to identify key levels where price is likely to react.

What is the purpose of weekly support amp resistance?

The purpose of weekly support and resistance is to help traders and investors anticipate potential price movements and make informed trading decisions.

What information must be reported on weekly support amp resistance?

The information reported on weekly support and resistance includes key price levels, trend lines, and potential reversal points based on historical price data.

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