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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X	9/17/2005 9:22:42 PM
	of 6865

MOVING AVERAGES SUPPORT AND RESISTANCE stockcharts.com[g,a]daclyyay[d19900901,19960926][pb50!b200][vc60][J58088005,Y]&listNum=1 Price uses moving averages of 50 and 200 as important support and resistance areas on a chart. Sometimes the moving average needs adjusted to the moving average that the stock is actually using but for illustration purpose only the 50 and 200 will suffice. When price is above the 50 and the 200 it is thought to be in a bullish up trend. When price is below the 50 and 200 it is thought to be in a bearish down trend. When the 50 is above the 200 it is bullish when the 200 is above the 50 it is bearish. When price is a long way from a moving average it will at some point come to the moving averages like a magnet and use these moving averages like support and resistance.

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