This left a supply overhang (commonly known as r
Post# of 12925
Posted On: 10/25/2014 7:24:44 AM
This left a supply overhang (commonly known as resistance) around 18. When the stock rebounded to 18, many of the green-oval-bulls probably took the opportunity to sell and "escape" with little to no loss. When this supply was exhausted, the demand was able to overpower supply and advance above resistance at 18.
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