Resistance and support in trading?
In stock market technical analysis, support and resistance are certain predetermined levels of the price of a stock where the price will tend to stop and reverse. These levels are presented by multiple trades without a breakthrough of the level.
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So should one put more weight on S and R of the daily chart, or if trading intraday say first 30 minutes after open(on a stock that has gapped up premarket) pay more attention to premarket highs/flags on say a 1 or 2 minute chart...