I focus mainly on Fundamentals before investing, but I also use Technicals before making the investment

Technical investing is very popular today, especially for options trading

Let me show you a few things you can start looking at

"Support & Resistance Levels"

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Technical analysis is using charts to identify trends and patterns from a particular stock

Trends and patterns can identify trading opportunities

Technical analysis is all about statistics from price movement and volume
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"Support & Resistance"

Let's begin support & resistance levels

A support level tends to be a price level where buyers come in and the stock has shown its ability to not fall below these levels
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Resistance levels are the opposite in which sellers tend to step in and sell at this level

You identify these levels using a stock chart and you will begin to see patterns of where support and resistance levels are

Support levels could be great entry levels for investors
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Looking at the $CRWD chart below, you can see the purple lines that I have identified as Support & Resistance levels

Support was around $96.61
Resistance was around $117.82
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$CRWD was trading between these levels from mid-June until mid-August

If you have been following me, you will recall when I recommended buying around $97 as the stock was falling towards support

Sure enough it found support and bounced higher
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After bouncing off support the stock headed towards resistance and once it broke through prior resistance it has traded aggressively higher, which can be the case once a stock breaks a prior trend either above resistance or below support
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I like to identify a "Support" or "Resistance" level once it has been tested 3-4x at least

Let's look at one more chart so you can see at least 2

Here $TDOC in mid-June broke through $182 and retested this level at the end of the month and then again in mid-August
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$TDOC you can see also is building a support base around $207 as well

I like to see multiple levels because as a trader, if a stock breaks BELOW a support level, you can see how far they could fall before finding another support level

Resistance looks like $240
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You can start practicing this by updating your charts even while watching $NFLX

I look to update the stocks I follow on a weekly basis

Start by following a few stocks and update the support and resistance levels as needed and you will begin to identify the trends
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Identifying these levels is the FIRST thing to begin learning about Technical Analysis

Not rocket science, but you can see how it can be extremely useful

I will continue branching deeper into the topic throughout the week
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