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Support And Resistance indicator: What It Is And How To Use It?

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Support And Resistance indicator

Technical Analysis was developed to predict the movement of stocks. It is based on historical price and volume information and can be used to predict future stock prices. Technical analysis can also be applied in the Forex market and Indices as well, see this here!

Support

A support price is a level at which it’s difficult for a stock to fall. It is usually one or more price points at which buyers tend to enter the market, thereby preventing the price from declining further. These points are usually determined by an area of demand.

The most common type of support is found after a bullish run in which the prevailing trend is capping the further upside. After a sustained advance, the bulls may have little incentive to buy and the bears may be waiting to sell; therefore, the buying pressure begins to subside and prices begin to stall. At this point, the market may find support at a prior low-price area or around a certain dollar value that represents buying interest for that particular stock on that exchange in that particular sector. These areas of buying interest are collectively referred to as support.

Resistance

A resistance level is a price level where selling tends to outpace buying and thus prevent prices from rising above it. This can be due to many factors such as institutional investors who are holding profitable long positions accumulating more shares when they dip below that point, and so on. A break above resistance signals the potential for an uptrend.

Importance of Support And Resistance

Support and resistance are two of the most important concepts when it comes to technical analysis. These two lines play a major role in identifying potential reversal points during a trend, which can be used as targets for entering into trades or as stop losses when fading a move.

Lines that act as support and resistance are noticeable on every chart. They are present on all time frames from intraday charts to monthly charts. They hold true across all financial instruments, although the shorter-term charts will have smaller support and resistance levels due to the smaller amount of data used to draw the lines.

Targets for buying positions are found by drawing a trend line from the low point on one side of the trading range to the high point on the other side. This tells us where the price is likely to go after breaking through a specific resistance level.

When the price reaches that target, it’s time to sell because we’ve reached an area of higher demand for that stock (or currency pair or commodity). The reverse is also true: When the price falls below support, we have reached an area of lower demand, so it’s time to sell. As long as the price remains below support, we keep our stop loss just above that level.

How The Support And Resistance Indicator Works

The following example shows how the Support And Resistance indicator works:

As you can see, there are four different colors on the chart above: Blue (support), Red (resistance), Yellow (neutral), and Green (overbought).

The S&R indicator uses two moving averages: 50-period simple moving average and 200-period simple moving average. The S&R lines are calculated by adding the last 50 days’ closing prices, then dividing by 50; then adding the last 200 days’ closing prices, then dividing by 200; then taking an average of the two resulting values.

How To Use It?

The support and resistance indicator is used to identify levels of support and resistance at which price may reverse in the future. A price level is considered to be a support level when it prevented price from falling below a certain point during an uptrend, or a resistance level when it prevented price from reaching a certain point during a downtrend.

The demand zone, also known as the accumulation zone, is the price area in which traders expect the stock to go up. This is usually located between the support and resistance levels. If a stock closes above the accumulation zone, it’s considered bullish and traders expect the price to continue going up. If a stock closes below the accumulation zone, it’s considered bearish and traders expect the price to continue going down. When enough traders expect this, they start buying above the accumulation zone causing it to get filled with buy orders pushing prices up.

The supply zone is the opposite of the accumulation zone; it’s where sellers are expected to enter long positions because they’re expecting prices to go down. This is usually located between the support and resistance levels. If a stock closes below this area, sellers have started selling their positions pushing prices down. When enough sellers have exited their positions, this area gets filled with sell orders pushing prices down even further.

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Business

Is Zonbase legit to use for Amazon FBA Research?

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Amazon FBA Research

While the businesses on Amazon in each marketplace are getting condensed and sellers of a single product are increasing day by day, the need for the business owners to get affiliated with online Amazon research tools is also increasing and for this great and emerging reason, they are searching for the tools to optimize their Amazon online businesses. Due to the variety of the research services and tools, Zonebase proved itself to be the most wanted among a number of research tools offering Amazon FBA related researches and business optimization. So, most of the Zonbase users answer to the question of is Zonbase legit, is a great YES. 

The cloud-based research software of Zonbase has thirteen tools which are making the research and optimization process smooth and sound. The web service and the extension of the Zonbase are designed to provide specific required data which is needed to analyze the worth of a product, to get the Amazon business to optimize, and then finally to optimize the sales of the product. 

Zonbase Research Tool

With the help of the Zonresearch tool, one can perform accurate and updated research for the data from the Amazon algorithm. With the tool available under the Zonbase research tools, there are four research tools designed to make four different types of research. These tools are as below:

ZonResearch– This tool is designed to get the required data which is required with the help of filters and user requirements. 

Chrome Extension– This is the extension that is installed in Chrome and used to get the data from the Amazon search pages. The data is mostly for the prices, sales, revenue, ratings and reviews, and the product identification numbers along with the brand details which is selling that product. 

Hot Products– Every hour, Zonbase provides a list of the top 100 selling products which are gifted to others and this list is being updated each hour by the Zonbase. 

Sales estimator- With this feature, users or Amazon sellers can get the exact figures of sales that a competitor is making in a month or a day. 

With all the above tools, one can easily get a profit-wining product to sell on Amazon. 

Zonbase Listing Optimizer

Under this tool, Zonbase provides two services which are as below:

Listify– This tool optimizes the Amazon product listing by adding high search volume keywords that are fetched from the Amazon algorithm directly. 

Photo optimizer– This tool is specially designed to increase the resolution of the images of the products especially the main image of the product. This tool can also generate lifestyle images of a product if the main image is inserted. 

Zonbase Sales Estimator

Product validator– Product validator enables the sellers to analyze a product on pre-designed criteria, which is set by the Zonbase and can also be changed by the user. 

Keywords tool– This tool is responsible to create a number of keyword options if a seed keyword is entered. For a single keyword, this tool comes up with all the available keywords which are used on Amazon for searches by real buyers and for listing the products by the sellers. 

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Business

Ways to Optimize Contact Center for Efficiency

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Optimize Contact Center for Efficiency

Every company desires to offer the best customer service, but it is only possible to invest in contact center optimization continuously. Optimizing your customer service is not a one-time thing; it must be continuous. 

When it is done right, you encourage customer loyalty and keep the most profitable customers with you. Contact center optimization is a strategy that uses digital channels and modern technologies to boost their customer experience and improve their employee engagement. 

Features Needed in Contact Center Optimization Tool

It is best to have these automation features in the call center optimization tool you will use:

  • Queue call-back: It is common for businesses to receive a high volume of calls. When this happens, contact center systems put the customers on hold. When placing customers on hold, they listen to a song or redirect them to the main menu. However, it is more convenient to let your customer leave a message, and they will receive a call back as soon as an agent is free. A queue call-back is what new communication software offers. 
  • Artificial intelligence: AI bots sound cool, but how are they helpful in call centers? AI bots can analyze conversations. These AI bots pick out keywords or patterns allowing them to suggest a resolution or route your customer to the right agent.
  • Post-call analytics: Monitoring the performance and feedback of calls is the best way to manage the quality service of your contact center. Choose a communication software that has a post-call analytics dashboard. Having the metrics helps analyze every call. You can have an idea of how to improve future calls.

No matter how hard your customer agents work, they would still carry the same burden without the assistance of a contact center optimization tool.

Aspects to Optimize to Boost Contact Center Performance 

Optimizing these three fundamental aspects help boost your company’s contact center performance.

  • Agent performance: Managing a contact center includes monitoring the effectiveness of your agent performance. Track their performance through the first call resolution, net promoter score, and customer satisfaction. You can efficiently train and reward your agents when you know their performance, allowing them to function more effectively.
  • Service quality: It is important to remember that your agents are humans. Each of them performs at different levels. This is when quality management solution is important. You have to use communication software with a QM tool to help you continuously monitor the quality of their calls. 
  • Workforce: You have to ensure that you have the right people, the right skills, and the right number of staff assigned to your contact center. Only the right ones can meet the customer demands.

Final Takeaway

An efficient contact center provides maximum support and customer satisfaction, increasing their loyalty to your brand. That is why it is natural for businesses to make time and focus on expanding their contact center. Invest in more training, hire more agents, and equip a reliable communication software; it is the only way to cater more business calls

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Every company desires to offer the best customer service, but it is only possible to invest in contact center optimization continuously. Optimizing your customer service is not a one-time thing; it must be continuous. 

When it is done right, you encourage customer loyalty and keep the most profitable customers with you. Contact center optimization is a strategy that uses digital channels and modern technologies to boost their customer experience and improve their employee engagement. 

Features Needed in Contact Center Optimization Tool

It is best to have these automation features in the call center optimization tool you will use:

  • Queue call-back: It is common for businesses to receive a high volume of calls. When this happens, contact center systems put the customers on hold. When placing customers on hold, they listen to a song or redirect them to the main menu. However, it is more convenient to let your customer leave a message, and they will receive a call back as soon as an agent is free. A queue call-back is what new communication software offers. 
  • Artificial intelligence: AI bots sound cool, but how are they helpful in call centers? AI bots can analyze conversations. These AI bots pick out keywords or patterns allowing them to suggest a resolution or route your customer to the right agent.
  • Post-call analytics: Monitoring the performance and feedback of calls is the best way to manage the quality service of your contact center. Choose a communication software that has a post-call analytics dashboard. Having the metrics helps analyze every call. You can have an idea of how to improve future calls.

No matter how hard your customer agents work, they would still carry the same burden without the assistance of a contact center optimization tool.

Aspects to Optimize to Boost Contact Center Performance 

Optimizing these three fundamental aspects help boost your company’s contact center performance.

  • Agent performance: Managing a contact center includes monitoring the effectiveness of your agent performance. Track their performance through the first call resolution, net promoter score, and customer satisfaction. You can efficiently train and reward your agents when you know their performance, allowing them to function more effectively.
  • Service quality: It is important to remember that your agents are humans. Each of them performs at different levels. This is when quality management solution is important. You have to use communication software with a QM tool to help you continuously monitor the quality of their calls. 
  • Workforce: You have to ensure that you have the right people, the right skills, and the right number of staff assigned to your contact center. Only the right ones can meet the customer demands.

Final Takeaway

An efficient contact center provides maximum support and customer satisfaction, increasing their loyalty to your brand. That is why it is natural for businesses to make time and focus on expanding their contact center. Invest in more training, hire more agents, and equip a reliable communication software; it is the only way to cater more business calls

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Business

How to Start Your Own Private Labeling CBD Products Business

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Labeling CBD Products Business

Over the years, the CBD products market has been on an upward surge, and that trend is holding despite the increasing competition. Despite the undeniable proof, the CBD products market is still underestimated as it has an element of risk associated with it. 

It is estimated by leading CBD news resources that the CBD products market will surge to a whopping $22 billion by 2022. A major reason for this surge is the legalization of hemp-derived CBD in all 50 states of the country. After this piece of legislation, the popularity and sales of CBD products have grown exponentially. 

Reap the Benefits of Investing In a Surging Market

Retailers have shown great demand for CBD products such as creams, roll-ons, lotions, and even food items with CBD additives. With the demand continuing to surge and showing no signs of slowing down, the time is just right for you to dive into the market and set up your own CBD reselling business. 

As we have seen from various studies conducted over the past few years and from leading CBD blog posts, CBD has a range of applications. Every day, new benefits are being unearthed. It can treat anxiety or chronic pain, depression, insomnia, and other similar health issues that affect both the mind and the body. You can start your own research and plan to launch your formulations. However, as an inexperienced CBD entrepreneur, it is better to partner with a reliable private label CBD products manufacturer. It will help you in planning your launch better.

Find The Right Wholesale Manufacturers

 There are stringent dos and don’ts around CBD products, their manufacturing, and marketing. You will learn from CBD supplements blog posts why you must plan your moves carefully and make sure that you don’t stray into any of those grey areas of CBD laws. Research the market and find a reputed CBD products manufacturer who can walk you through the ropes and help you understand and decode the intricacies of the CBD market.

By partnering with a reputed and established CBD wholesale supplier, you can only find well-researched, tested, and safe formulations quickly. It is one of the best ways of launching your CBD business without having to go through the tedious and time-consuming process of experimenting with various private label CBD formulations and creating your own brand. 

How To Ensure Success for Your CBD Business

In today’s market, where white labeling is a popular way of building your brand, you can find a wholesale supplier who will do all the heavy lifting for you. They will provide you with winning formulations for the niche you are targeting and support you with labeling, packaging, and marketing. The best part that you get to decide on the pricing and profits you wish to earn.

Choosing the right partner as your wholesale CBD products resource is vital for ensuring the success of your venture. Look for a licensed company with the resources to ensure a steady supply and offer high-quality products at competitive prices. The best wholesale supplier will allow you a great degree of flexibility and help you achieve optimal output at every stage of your CBD products entrepreneurial journey.  

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