- Thread Author
- #1
Every stock investor certainly wants to be able to make maximum take profit, so investors need to determine the right time to sell the stocks they hold. Of course, this goal is often not achieved if investors do not have a target price as a basic reference for selling stocks or taking profit. One simple strategy that can be used by novice investors to determine the optimal price target is by using Support & Resistance. Where support is the lowest price/point of stock movement in a period while resistance is the highest point, after investors find the resistance point, this resistance point can be used as a target price or as a take profit area.