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magopus6 1 point ago +1 / -0

technicals state that should the price of an equity move below a resistance level, there's a good chance it'll fall lower. Stop gap trades help that movement as investors sell off from the "floor" so they don't take further losses, thus making the stock move even lower.

The case is true for the other side. If an equity price moves higher and past a ceiling resistance level, odds are the stock continues to move higher.