One has to understand this fact that support can become the resistance and viceversa as once the support level is broken than it becomes a resistance for a stock in its upward journey and same can be said about resistance which becomes a support when the resistance is broken. Actually supports and resistances are a depiction of supply and demand.
Can support become resistance and viceversa
Posted By On 9/19/2008 11:18:00 PMOne has to understand this fact that support can become the resistance and viceversa as once the support level is broken than it becomes a resistance for a stock in its upward journey and same can be said about resistance which becomes a support when the resistance is broken. Actually supports and resistances are a depiction of supply and demand.