Where Is Resistance Established? Resistance
Post# of 18281
Posted On: 11/19/2012 2:41:02 AM
Where Is Resistance Established?
Resistance levels are usually above the current price, but it is not uncommon for a security to trade at or near resistance. In addition, price movements can be volatile and rise above resistance briefly. Sometimes it does not seem logical to consider a resistance level broken if the price closes 1/8 above the established resistance level. For this reason, some traders and investors establish resistance zones.
(0)
(0)Scroll down for more posts ▼