Stock Market Death Cross: What You Should Know

In order to understand the stock market death cross, there’s an important concept called a crossover which first has to be understood. Consider the crossover an essential foundation for reading a death cross – without this important charting event, no reading can take place. So what is a crossover? A crossover occurs when a security intersects one of its key technical indicators. The key indicators used to predict future movement of a stock vary, but the daily moving average continues to hold sway among traders and investors.  An example of such a crossover would be when a security – i.e. that line that you see on most charts – breaks through a key daily moving average such as the 20-dma. Now a death cross is a movement of such a

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The Secrets of Support and Resistance Explained When Trading Penny Stocks

Identifying support and resistance is the backbone to technical analysis, and it’s essential to anyone interested in using technical analysis in their trading of the best penny stocks. Fortunately, with proper guidelines and practice, it is a skill just about anyone can gain. With that said, let’s define what we mean by support and resistance. Definition: Support and Resistance Support is defined as a price level where an asset stops declining due to the presence of more buyers than sellers. On the other hand, resistance is a price level where the asset can no longer rise because there are more sellers than buyers. Sounds simple, right? Well, it can be. However, there are a few types of support and resistance. The simplest type is based purely on horizontal price levels,

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