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Technical AnalysisA price level where buying pressure tends to overcome selling pressure, causing the price to stall or bounce upward. Can be horizontal levels, trendlines, or moving averages.
Related Terms
Resistance
A price level where selling pressure tends to overcome buying pressure, causing the price to stall or reverse downward.
Breakout
When price moves above a resistance level or below a support level with increased volume.
Trendline
A diagonal line connecting two or more swing highs (downtrend) or swing lows (uptrend).