"overhead resistance" refers to a situation in which the price of a stock or other financial asset is facing barriers or obstacles that prevent it from increasing further. It usually occurs when there are a significant number of sellers who are willing to sell the asset at a certain price, making it difficult for the price to rise above that level. This creates a sort of "ceiling" for the price, making it challenging for the asset to break through and continue its upward trend.
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«overhead»
«resistance»
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Sentences with «overhead resistance»
- In short, there is currently a lot of overhead resistance. (itbit.com)
- On broad indices, the general pattern resembles a narrowing wedge with a relatively flat overhead resistance area and increasingly shallow dips. (hussmanfunds.com)
- But if recent history plays out again, that stiff overhead resistance will again check the rally... Stay tuned! (cannontrading.com)
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