Blain over at StockTradingToGo has again assembled a nice arsenal of charts that could be very beneficial to some investors. While I know not everyone agrees with/uses technical analysis, I think its a great tool that should be added to any investor's toolbox to help them making investing/trading decisions. Still need convincing? Numerous prominent and successful hedge fund managers use technicals religiously to help gauge price action, especially Paul Tudor Jones of Tudor Investment Corp.
Last week, I posted up some charts showing bearish continuation patterns, courtesy of Blain. This time around, he's got some great charts up showing stocks that are hovering around multi-year support levels. A few of those stocks are:
Fuel Systems Solutions (FSYS)
Research in Motion (RIMM)
So, if you're a trader, you could play these levels for short-term bounces, placing stops just below the multi-year support levels (or short on a break below the support). If you're an investor, you could look to place orders around these levels to help accumulate shares at levels that historically have been important to the stock. Blain's got a few more charts of stocks that fit this criteria here.