2. It is generally seen that a number of times the stock is range bound and moves between pre defined supports and resistance. One can see this movement in a broad range for months and same is broken when the breakout takes place in the stock. This breakout can be on either side i.e. can be for sell as well as for buy side and depends on the force level of the interested party.
3. Swing traders can benefit the most from such a situation as they generally buy near support and sell near the resistance and are thus able to make sure shot profit from stock market by virtue of studying stock charts. One can buy Support and resistance of a stock with Pivot calculator and can thus use the strategy to make money.