Order Types
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You can also use Stop Orders to buy stock at a price higher than the current price where you predict the price will break through its resistance level and continue to rise. Stop Orders to buy are usually used by sophisticated traders only.
Let's look at ABF. The share price has shown an upward trend since November with a series of higher highs. However, resistance at 600p has been shown in early January.
The information contained in this case study is believed to be correct but cannot be guaranteed. Investors should be aware that the value of investments and the income derived from them can fall as well as rise, and past performance is not necessarily a guide to future performance. The information contained in this case study does not constitute a personal recommendation to deal in any particular shares. You should consult a personal advisor to discuss the suitability to your personal circumstances and investment objectives.