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Double Top

Double Top Definition

A term used in technical analysis for two successive rises to the same price level.

A Double Top chart looks like the letter "M"  that describes the rise of the price, then a drop  followed by another rise to the same price level, and finally another drop. The price level where the double top occurs is considered a resistance level for the stock, as rising above that level is difficult for the stock.

RELATED TERMS
Resistance
Support
RELATED CATEGORIES
Technical Analysis




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