Resistance
A price level that acts as an overhead barrier to further price gains. Prices will frequently rally to these levels and then retreat. Resistance (like support) is rarely a specific price; it is more often a relatively contained price range, frequently in the vicinity of past technical patterns.
One of the basic precepts of support and resistance is that once a support level is violated it becomes a likely new resistance level and when a resistance level is penetrated it becomes a new support level.
Articles related to Resistance
David Goodboy
April 17, 2008
Austin Passamonte
We so often see stocks opening and closing at nearly unchanged prices. But experienced traders know that often times it's the movement between the opening and closing bells that's important.
(more)April 14, 2008 about
GE |
BSC Gary Kaltbaum
Gary Kaltbaum offers his insights into the situation with General Electric and the current high volatility of the market.
(more)David Penn
We generally believe that traders should be buying stocks on weakness, so a stock moving higher, in our opinion is either a stock that traders should be taking profits from or a stock that traders should be watching pass them by.
(more)David Penn
What does a stock look like as its Short Term PowerRating moves into the "Consider Buying" category of 8, 9 or 10?
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Toni Hansen
Learn one of Toni Hansen's favorite strategies...
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January 21, 2008
John Forman
The markets will tell you where they want to go, if you let them. What it comes down to is understanding the market mechanism which underlies price moment.
(more)January 21, 2008 about
COIN Harry Boxer
Breakouts of long bases on strong volume are frequent harbingers of continued price appreciation.
(more)August 23, 2007
Cornelius Luca, GFT Currencies Analyst
The FX markets gave some signs of recovery on Wednesday; the immediate rush seems to have calmed, as central banks continued to pour money into the system.
(more)August 21, 2007
Cornelius Luca, GFT Currencies Analyst
The FX markets had a day of uneasy calm on Monday, with the stocks up in the wake of the cosmetic move the Federal Reserve executed on Friday. But the T Bills yields collapsed and this tends to be a huge red flag – is there a big name about to fold? Or worse?
(more)
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