WebThe more overhead price action above the breakout during the past 2 years the more resistance a stock has. In my studies of past big winning stocks almost all of them are trading with no overhead resistance, so if you can catch a breakout with no overhead resistance that’s the ideal setup. WebDec 3, 2024 · At (1), the stock reached its highest point; later, on three occasions where the stock was trying to go up (2), it found resistance and went down as it couldn’t pierce its …
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WebJul 24, 2024 · This is a technical analysis article. You can see, on the daily chart below, that overbought demand is taking prices higher to test resistance levels. We have identified these resistance levels ... WebApr 9, 2024 · Stock Market's Overhead Resistance Is Now More Powerful Than V-Shaped Bounces Two failed bounces this year have made it tougher for stocks to build strong … morthen hall rotherham
How to Find Support and Resistance Levels - SpeedTrader
WebApr 26, 2024 · In technical terms, a long base indicates a lot of sellers in Stage 1, which removes overhead resistance. Diversification. Stan believes in diversification to an extent, … WebJul 20, 2024 · Overhead Resistance: No Overhead Resistance. Similarly, the following table shows the results over time of stocks I looked at that were making new all-time highs. For … WebAug 10, 2011 · The stock will have to do a lot more before it can regain even a modicum of bullish strength. The stock will have to do a lot more before it can regain even a modicum … morthen farm shop