With our long-term technicals, we want to find the next big technical resistance or support level for the stock we are trading. If a stock is near such a level, this will affect our trading decision. For example, if we are considering a long but the stock is near a long-term important technical resistance level, we probably will pass on that trade, even if our other trade decision variables signal to buy. Why buy a stock so close to long-term technical resistance?
