A price range at which technicians feel that a significant increase in the price of the stock will be resisted is referred to as
A) Supply threshold.
B) Support level.
C) Short interest level.
D) Advancement level.
E) Resistance level.

Question

Quizplus · Accepted Answer

A resistance level is a price range at which technicians believe that the stock's price increase is expected to be opposed or resisted. In other words, it is a level at which there is significant selling pressure, causing the stock's price to stall or pull back. Technicians use resistance levels to identify potential selling opportunities and to set price target for selling a stock.

A Price Range at Which Technicians Feel That a Significant