Technical_Analysis_page_260

Technical | Analysis page 260 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

Chapter 12 Trends—The Basics 231 There is little question that a price trough is a point where buyers overwhelmed sellers. In Figure 12.5, JNJ peaked at $56.50 on May 20 (a), a potential resistance level, and then declined touching $53.86 on May 28 (b), at which point it reversed upward. This…