TLDR
Trading Range is characterised by a stock bouncing back and forth between two prices. The top or ceiling of the trading range provides price ‘resistance’ The bottom or floor offers price 'support’ If a stock is moving within a trading range, there is relative market consensus about the stock’s value. When the stock breaks from one of these levels, this indicates momentum and a possible new trend forming, or it could just be a fake-out — more on this later.via the TL;DR App
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