The following stock chart of Covance (CVD) offers a great example of simple support and resistance. Support and Resistance is a basic form of technical analysis used commonly every day to mark potential buy and sell points on a chart.

The recent price action of Energy Conversion Devices (ENER) offers a great example of simple support and resistance. Support and Resistance is a basic form of technical analysis that can be used in a variety of different circumstances to provide investors an easy way to predict stock movement.
We can refer to the six month daily [...]

Stock chart education is very important for investors that want to perform technical analysis. By understanding price patterns traders have an edge at predicting where the stock is going next.
To make this simple, I have taken a stock chart and labeled the main parts that we will take note of. Below the chart I will [...]