The OnlyCharts view
Support and resistance are not magic lines. They are areas where behaviour has previously changed and where investors may respond again.
A useful level helps answer practical questions: where is price holding, where is it failing, and what would change the technical picture?
OnlyCharts keeps support, key level and resistance visible so the chart review stays anchored in price structure.
OnlyCharts principle: understand technical health first, then decide whether a stock deserves deeper research.
What to look for
- Is price respecting structure or cutting through levels?
- Are trend, momentum and relative strength aligned?
- Is volume confirming the move or warning that participation is weak?
- Would the same framework give the same answer on the next chart?
Used properly, technical analysis is not about certainty. It is about creating a repeatable way to read evidence.