Gold Medal Penny Stocks had announced some time ago that they had started an online trading school to help new investors get acquainted with the various aspects of the stock market. The new lesson follows on top of others on topics such as the relative strength index (RSI) and an explanation of the Market Maker Shake. One of the most commonly used forms of technical analysis is finding levels of support and levels of resistance. At its core, a support level is a trading price-range where enough traders will bid or slap the ask down that the price will not easily dip below that level. A resistance is sort of the opposite. A resistance level is a trading price-range where traders expect the share price to go down from, so they start selling at resistance levels to take profits before a larger downward move gains momentum.
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