Resistance Level
A price where rising prices have repeatedly met selling and stalled. Traders use it to take profits, avoid buying into it, or watch for a breakout above it.
A stock hits $75 three times and pulls back each time. A daily close above $75 on strong volume would signal a breakout.
Pairs with Day 7. A ceiling where sellers keep showing up.
The price a stock keeps running into and getting pushed back from.
A price where sellers keep showing up.
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A Random Walk Down Wall Street
by Burton G. Malkiel
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