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Resistance

You are here: Home / CM Tooltip Glossary Ecommerce / Resistance

8 October,2017By: TijarahNet

The word ‘resistance’ is used in technical analysis of price charts. It means a price-point which, on the charts, looks likely to cap or pause any rise. Resistance is usually suggested by previous price-action, enabling an analyst to see where price rises halted in the past. If that level is broken, then chart analysis says resistance can become ‘support’, acting to stem any price falls from the new higher ground.

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