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What is stocks resistance level?

April 26, 2017level resistance stocks

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What is stocks resistance level?

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Moving average prices, one for a short period and another for a long period, set the resistance levels for a stock. The first resistance level is the average price of the stock over a short period, say for the past 50 days. The second level is the average for a longer period, say for the past 200 days. The commonplace idea is that the resistance level resists the stock’s or the market’s efforts to go up for the time being.