A resistance level is the top end of the price pattern, while the support level is the lower end of the pattern.Once the price of the stock breaks through the identified areas of support or resistance, volatility quickly increases, and so does the opportunity for short-term traders to generate a profit.Technical traders believe that a breakout above the resistance price means that stock price is increasing further, so the trader buys the stock.
A consolidation eliminates any transactions between the parent and subsidiary, or between the subsidiary and the NCI.
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