swing trade question?

  • Thread starter Thread starter tpjp19
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tpjp19

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I know when making a entry on a stock you want to buy close to the support level, but is there a set amount I should use that's between entry and 1st resistance? Example: If I want to enter at $12.49 and first resistance is at $12.71 a difference of $0.22, is this appropriate?

Also when trying to determine a target price for a swing trade can a 2nd level of resistance be used?

Both of these questions are in regards to swing trades.
 
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