Spot the Support Level and Resistance Level with Nasdaq TotalView! Get a Chance to Win Points!
Hi mooers,
In our last challenge together, we dove into Nasdaq TotalView and got a grip on some of its basic elements. Feeling like a pro yet? Well, hold onto your hats, because this time we're going even deeper!
📈We’re on a mission to help you master the art of spotting support and resistance levels. Support and resistance levels are common concepts in the stock market.
Large buy orders at a specific price level can indicate short-term support, suggesting a potential rebound and buying opportunity if the price stays above this level. Conversely, large sell orders may signal resistance. However, if the price does not significantly rise despite many buy orders, it could indicate potential resistance instead.
📚Want to uncover more secrets? @Nasdaq shared a post on identifying support and resistance levels to help you pinpoint effective order prices. Check it out!
🌟Ready to take the challenge? Take a look at the chart below and put your new skills to the test!
💬 Can you spot the support and resistance levels (price) in the above image? Drop your answers in the comments below. We’ll randomly select 10 sharp-eyed mooers who get it right to win 100 points each! 🎉
📆Duration: From now to 2nd June 2024, 11:59 PM ET.
Stay tuned for more insights! Happy trading at moomoo! 🚀
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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mr_cashcow : Support: 191.69
Resistance: 191.86
Vasuli : 191.68/69 is the support level and 191.85/86 is the resistance level
Phantom Kent : Support level $191.68 to $191.69
Resistance level $191.85 to $191.86
Dadacai : Support 191.69
Resistance 191.86
ZnWC : Support: 191.69 Volume 1202 shares
Resistance: 191.86 Volume 955 shares
010Leo : support 191.69 largest buy order
resistance 191.86 largest sell order
JJ_7201 : 191.69 Support
191.86 Resistance
DMDM : Support 191.69, Resistance 191.86.
102362254 : Support - 191.69
Resistance - 191.86
BH_6730 : Support 191.69
Resistance 191.86
With a 0.17 difference .. probability of filling at mid price very high
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