Achieve more time savings and great convenience by using the new support and resistance feature which automatically plots these two important stock price levels on your ChartNexus charts. It also comes together with an alert system where you will be notified if a stock breakout of its resistance or support price level.

A support is where demand for the stock is strong enough to prevent the price from falling. Demand is synonymous with bullish and buying. A resistance is where supply for the stock is plentiful enough to prevent the stock from rising further. Supply is synonymous with bearish and selling.

Support and Resistance are essential ingredients to technical analysis. When used together with other forms of studies like indicators, candlesticks and volume analysis, a trader can greatly increase his winning probabilities in the stock market.