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A movement by a stock or commodity above an established resistance zone or below an established support, or above an established previous top or below a bottom.

Additional Comments:

A rise in price of the security above a resistance level (commonly its previous high price) or a drop below a level of support (commonly the former lowest price.) It can be used as a buy or sell indicator.

Related Terms:

A price level at which a stock or market begins seeing increasing demand or buying interest. It ...

Resistance Level
A term used in technical analysis indicating a specific price level at which analysis concludes people ...

Breakaway Gap
A type of gap in trading in which the price range moves above or below the ...

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