This document discusses technical analysis concepts like support and resistance levels, which are horizontal price levels that prices tend to bounce off of within a few cents. Support levels are prices that tend to bounce up from, while resistance levels are prices that are difficult to break above. Moving averages are popular indicators that are calculated based on past closing prices and can help establish trends to identify buy and sell opportunities when prices reach support or resistance levels.

1. Technical analysis

2. Support and resistance
 Horizontal lines that price bounce from
 Price tends to bounce off a few cents before or after.
 Very seldom bounce off the exact price

3. Support
 Horizontal line that price tend to bounce up from.

5. Resistance
 Opposite of support

7. How to use
 Buy when price is close to support
 Sell when price is close to resistacnce

8. Indicators
 Give a signal whether price is overbought or oversold
 Cannot be used alone
 Use it as a supporting tool

9. Moving average
 Most popular indicator
 Calculated by taking the closing price of the previous
X periods and dividing it by X.
 Can also be calculated using the opening price or
typical price etc.
 Simple
 Exponential

10. Simple MA

11. Exponential MA

12. How to use
 Establish trend
 Buy on pullbacks to MA in uptrend
 Sell on rallies to MA in downtrend

13. Establish trend

14. Sell on rallies