Today is the day! We are pleased to announce a new release of Investar Beta and with it many new exciting features, improvements, and even better usability.
Support/Resistance breakouts are used by traders as buy/sell signals. However, often times a stock breaking out of a resistance or support line can lead to false breakouts. One situation this can occur is if too many resistance or support lines are very close together. When this happens, it is best to club nearby lines and treat them as a support or resistance zone rather than trade them separately.