Series 7: 9.4.2.2. Support And Resistance

Taken from our Series 7 Online Guide

9.4.2.2. Support and Resistance

Technical traders believe there are prices a stock may have difficulty pushing past. When a stock price is rising, it may hit a ceiling price called a resistance level that it will “bounce” off. At this price, traders will begin to sell off their holdings. Conversely, when the stock price is falling, it is likely to hit a support level or floor price. When a stock price is at its support level, we say that the stock is oversold and traders will coll

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I am still so giddy that I passed my Series 7 on 1/31. I truly cannot believe it. I took the 7 three times in 2019 utilizing Kaplan study materials and didn't feel good going into the tests any of the times. So shockingly I failed all three times by a lot. My highest score was a 68%. I used Solomon for my 51 in September (passed on the first try) so I thought I could try it for my 7 even though it is the hardest securities test I have taken. I felt so good going into the testing center and I passed!!! I am so grateful to have found your materials. They have been incredibly helpful and I am able to understand all the material covered in the books. I still am in shock that I passed. Now off to the 24!

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