Top (technical analysis)
From Wikipedia, the free encyclopedia
 |
This article does not cite any references or sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (December 2006) |
In technical analysis, a top is an event in which a security's market price reaches a high, then a higher high, and then a lower high.
The first high signifies the pressure from buying was greater than the pressure from selling. The second higher high suggests that buying still had more pressure than the selling. The third lower high suggests that selling pressure will not let prices rise as high as the previous high. This turning point from buying pressure to selling pressure is called a top.
[edit] See also
 |
This article about stock exchanges is a stub. You can help Wikipedia by expanding it. |
