In technical analysis, resistance lines are graphical representations of levels at which selling pressure is thought to be strong enough to prevent the price of a security from rising any further. A resistance line is drawn by connecting a series of price points that have shown resistance to a security’s price increase. The reasoning behind […]
What Causes Resistance In Stocks
Resistance in stocks is a term used on Wall Street to describe a situation where a security becomes more difficult to buy at a certain price. The resistance level is the price at which most buyers are reluctant to purchase the security. There are several factors that can cause resistance in stocks. One reason is […]
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