Ok, looking for support/resistance isn't always exact and I recommend using stops. I looks for support and resistance by seeing congestion/basing patterns. Our screening for short term trades does this mechanically. Interestingly, moving averages are of little value when looking for support/resistance buy points.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.