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Double top

A technical Analysis term for two successive rises to the same price level. On a Chart, this looks something like an M. The particular price level where the Double top occurs is considered a Resistance level for the stock, because technical analysts believe that the stock is having difficulty rising above that level. opposite of double Bottom.

Related Terms: 14 Analyst, Analysis, Bottom, Chart, Double bottom, Double top, ISIN, OCC, PPO, Resistance, Term, Technical analysis, Technical analyst, Top
Other Related Pages: Category: Technical_Analysis Starting With: D
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