resistance level meaning

  "resistance level" in a sentence
In technical analysis, a level of prices for a security or commodity that is repeatedly reached but not exceeded. Any move beyond this ceiling (see breakout) is regarded as signalling a significant shift to higher prices.


support level.

See also:

double top.

A price level above which it is supposedly difficult for a security or market to rise. Price ceiling at which technical analysts note persistent selling of a commodity or security. Antithesis of support level.


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