Decide if it’s swing trade or day trade first
I rely on fundamental analysis to select which stocks to go into my watchlist for long term investment and uses technical analysis to decide which price to enter. For day trading, I select stocks that have market players’ interest or huge volume so I can trade on their volatility. Regardless of any type of trade, determining the support and resistance line is required as the first step!
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earning_s : How to determine the support and resistance lines
Nomz OP earning_s : At least 3 resistance and 3 support price point per line. if drawing the lines for long term investment, then use a longer (1day to 1mth) timeframe to chart the lines. If for day trading, use a shorter (5mins to 1hr) timeframe to chart the lines.