Stop-loss, Support and Resistance

Weaker Buy Today BSTI ranks #592 as BUY CANDIDATE. Stronger Buy
Today BSTI ranks #592 as BUY CANDIDATE.

BSTI stock BEST Inc. American Depositary Shares each representing one Class A

BSTI stock
BEST Inc. American Depositary Shares each representing one Class A

Stop-loss

$4.89

(-4.40%)
This stock has high daily movements and this gives high risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from pivot bottom found 6 days ago. Risk:
High

Fibonacci

Level Price
R3 5.30
R2 5.23
R1 5.18
S1 5.03
S2 4.98
S3 4.90

Support & Resistance

Level Price Chg %
R3 6.22 21.72%
R2 5.99 17.22%
R1 5.19 1.57%
S1 4.39 -14.09%
S2 4.12 -19.37%
S3 4.11 -19.57%

Pivot:

Accumulated volume: $5.10

About Support and resistance

There are many factors used to determine support and resistance. The most common are:

  • Trend
  • Moving averages
  • Round numbers
  • Previous tops and bottoms
  • Accumulated volume

You may discuss what is the best, but by looking at the chart you will be able to get a more visual expression. Any support or resistance is weakened or strengthened by divergence in volume. If price is falling on high volume support levels may be broken easier. The same if price is rising on low volume, the resistance may be harder to break.

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