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Mullooly Asset Management, Inc

Mullooly Asset Management

Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

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Tom Mullooly on Bearish Resistance Lines

The Strength of Bearish Resistance Lines

May 4, 2015 by Thomas Mullooly

What is a bearish resistance line? It’s a very important element of any point and figure chart. Bullish support lines and bearish resistance lines help us to identify a security’s trend. Knowing whether a potential investment is in a positive or negative trend can help us determine its odds of success.

In this video, Tom shares a text book example of a strong bearish resistance line. By following along with him on the screen, you’ll gain a clear understanding of the resistance line’s importance.

Make sure to watch our previous video where we cover additional bearish resistance line basics here: https://mullooly.net/what-is-a-bearish-resistance-line/8073

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Filed Under: Videos, Chart School, Technical Analysis Tagged With: point and figure

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

1971 State Route 34, Suite 102
Wall Township, NJ 07719

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The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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