Resistance & Support

I often see comments about the importance of Moving Averages or Support/Resistance horizontal linesĀ in determining where Support or Resistance for price may exist. Although I have my own opinions on just how important this may be, I’ll provide an example here and let you decide for yourself.

Below is a Weekly chart on KT (Kt Corporation) as we finish off this week:

Sometimes price attracts to an area like a magnet …

 

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