1-As for actually trading using technical analysis, what is one of the most important keys to doing well?

2-A commodity makes a new high of $60 and comes back down to the long-term trend line at $55. If the commodity starts to rally again back to $60, what is the technical analysis term used to describe this $60 level? And, what are the implications?

3. If a stock has really good news and the stock jumps a lot higher the first day and then continues on moving up for another two weeks, this is what kind of market reaction?