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  • Michael Lee
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  • Business . double top . Equities . Health . Investing . orders . Pivot point . Stocks and Bonds . Technical analysis .

That’s a great question.  A double top is generally an indicator of strong resistance.  As with all resistance indicators, I believe positions should be monitored a bit more closely near these areas.  At this strong resistance level it is generally likely that the stock will consolidate, then fall back downward as it did when it hit this resistance level previously.  Think of it as if the stock is underneath the ice of a frozen pond.  As it swims along, it…

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