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 resistancelevel for the stock, because technical analysts believe that the stock is having difficulty rising above that level. opposite of double bottom. -- ERG Smartcard2

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Subject: 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 resistancelevel for the stock, because technical analysts believe that the stock is having difficulty rising above that level. opposite of double bottom.

Author:
108 has been one area recently--28/7

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Date Posted: 27/07/03 2:13:30pm
In reply to: http://www.bayarea.com/mld/cctimes/6372664.htm 's message, "Posted on Thu, Jul. 24, 2003 Translink--San Francisco" on 25/07/03 3:13:11am

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egilmore

Joined: 02 May 2003
Posts: 351
Location: Sydney
Posted: Sat Jul 26, 2003 12:50 pm Post subject: Double Top

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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.

cheers eG

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Replies:

Subject	Author	Date
There is quite a large short seller(s) at 102 that is gradually whittling down for there were slighlty more there before (NT)	1.020 496,585 ---28/7	27/07/03 2:24:46pm