Technical analysis

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

Support Horizontal line that price tend to bounce up from.

Resistance Opposite of support

How to use Buy when price is close to support

Sell when price is close to resistacnce

Indicators Give a signal whether price is overbought or oversold

Cannot be used alone

Use it as a supporting tool

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

Simple MA

Exponential MA

How to use Establish trend

Buy on pullbacks to MA in uptrend

Sell on rallies to MA in downtrend

Establish trend

Sell on rallies