Break And Hold Resistance In Stocks

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6 months ago
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Break and Hold Resistance in Stocks: An Analysis of Market Dynamics

When a stock breaks resistance, it means that the price has moved above a resistance area. Resistance levels often act as a ceiling, preventing the price from rising further. However, when a resistance level is broken, its role is reversed, and it may become a support level. Support levels act as a “floor” that tends to hold the price above it. Good trading opportunities arise when resistance or support levels are broken.

Disclaimer

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