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What is a resistance line?

Resistance lines are technical indication tools used by equity analysts and investors to determine the price trend of a specific stock. They are very useful in predicting the probable movement of stock prices and helping people invest in the right stock. Resistance lines are usually drawn on a high-to-low basis.

How do speed resistance lines work?

Once broken, the line extensions can then mark resistance, just as ordinary trend lines do. In a downtrend, Speed Resistance Lines mark two potential resistance levels to watch. A break above the middle line shows strength that targets a move to the upper line. A break above the upper line indicates a trend reversal.

Can a resistance line be plotted for a trend?

Resistance lines can be plotted for either uptrends or downtrends. Note that in an uptrend it would be more accurate to refer to the “resistance line” as a “support line” since the lines indicate price support levels. Whatever the trend is, drawing resistance lines on a chart enables an analyst to plot a trend graph.

What is electrical resistance?

To begin, let's define what exactly electrical resistance is. Resistance is a measure of the degree to which an object opposes the movement of electric charges. In electrical systems and electronic devices, such as irons, electronic watches, or mobile phones, elements with fixed or variable electrical resistance are always required.

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