Business, Legal & Accounting Glossary
Resistance Level is a stock price level at which a chartist believes a stock will have difficulty exceeding.
A resistance level is a level at which the stock price has had difficulty breaking through historically. It is thought of as the level at which a lot of traders tend to exit long positions in the stock, or sell short.
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This glossary post was last updated: 22nd March, 2020 | 0 Views.