Resistance

RECENT NEWS
Wall Street Journal  10 hrs ago  Comment 
Sinclair Broadcast Group is encountering resistance from the Federal Communications Commission as it seeks approval for its $3.9 billion acquisition of Tribune Media.
Benzinga  Apr 10  Comment 
The Technical Confluences Indicator shows that the recent surge in the EUR/USD sent it piercing through a dense area of resistance levels. The $1.2325 to $1.2335 area it had struggled with is the confluence of the SM100-15m, the SMA10- one day,...
The Economic Times  Apr 9  Comment 
Indian stock market is showing some signs of impending consolidation.
The Hindu Business Line  Apr 9  Comment 
Malaysian palm oil futures ended sharply lower on Monday, on position adjustment ahead of the official MPOB data due tomorrow. Palm had hit a five-wee
The Economic Times  Apr 6  Comment 
With gains in 4 out of 5 sessions, the index made a bullish candle on the weekly chart.
MarketWatch  Apr 5  Comment 
Tesla investors shouldn’t let the stock’s surge into bull-market territory blind them from seeing the massive zone of resistance that could limit further price gains.
The Economic Times  Apr 4  Comment 
Given the large number of shorts, the market is likely to open in green on Thursday.
The Hindu Business Line  Apr 3  Comment 
The Zinc futures contract is not gaining strength. Though the contract moved up in the past week, it is not gaining momentum to breach the crucial re
The Economic Times  Apr 2  Comment 
We expect the auto sector to show relative outperformance in the coming few quarters.
GenEng News  Mar 29  Comment 
North Carolina State University scientists using a mouse model found that antibiotic use creates a veritable "banquet" for  Clostridium difficile  ( C. diff ) by altering the native gut bacteria that would normally compete with  C. diff for...




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Resistance

Resistance level is the price level, which, historically, a security has had difficulty going above. Typically, the resistance level can be thought of as the level at which many buyers tend to sell a security. Resistance levels are often used in technical analysis. [1]

It is where the price tends to find resistance as it is going up. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely that it will continue rising until it finds another resistance level. [1]

From 15c., résistance, earlier resistence. [2] From 14c., to resist, to take a stand, stand firm. [3]

References

  1. Wall Street words: an A to Z guide to investment terms for today's investor By David Logan Scott ISBN-10: 0618176519 pg 313
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