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Username: LuckyMan

Rating:
Guru Stars

Asked to: Dara Madee

Date Created: 28 May 2015
Category 17
Tag Forex
Question What is resistance level?
Advice from Guru
Hello Lucky Man,

A chart point or range that caps an increase in the level of a stock or index over a period of time. An area of resistance or resistance level indicates that the stock or index is finding it difficult to break through it, and may head lower in the near term. The more times that the stock or index has tried unsuccessfully to break through the resistance level, the more formidable that area of resistance becomes.
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