Five strategies for swing trading stocks -

5 swing trade strategies below that you can use to identify trading opportunities and manage your trades from buy to sell.

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1. Fibonacci retracements
The Fibonacci retracement pattern can be used to help traders identify support and resistance levels, and therefore possible reversal levels on stock charts. Stocks often tend to retrace a certain percentage within a trend before reversing again

and plot horizontal lines at classic Fib. ratios of 23.6%, 38.2% and 61.8% on a stock chart can reveal potential reversal levels.U often look at the 50% level as well, even though it doesnt fit the Fib. pattern, because stocks tend to reverse after retracing half of the last move

u could enter a short-term sell position if price in a downtrend retraces to and bounces off the 61.8% retracement level (resistance level), with the aim to exit the sell position for a profit when price drops down to and bounces off the 23.6% Fibonacci line ( support level).

2. Support and resistance triggers

A support level indicates a price level or area on the chart below the current market price where buying is strong enough to overcome selling pressure. As a result, a decline in price is halted and price turns back up again.