Understanding Resistance: Key Concepts and Trading Strategies
Understanding Resistance: Key Concepts and Trading Strategies
4 months ago
investopedia.com
Support & Resistance in Stocks What is support and resistance in stocks and why are they important? Support and resistance are two important concepts in technical analysis used to understand the behavior of stock prices. Support is a price level at which a stock's price has historically had difficulty falling below. It is the level at which buying interest is strong enough to overcome selling pressure, resulting in a rebound in the stock price. On the other hand, resistance is a price level at w
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