$CLANKER broke through the 16 mark and is now at 16.39.
Round-number levels have no special significance in themselves, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so the battle between bulls and bears is usually intense.
The key is whether the price can hold 16 on a pullback. If it does, resistance will turn into support. What do you think will happen next?
Round-number levels have no special significance in themselves, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so the battle between bulls and bears is usually intense.
The key is whether the price can hold 16 on a pullback. If it does, resistance will turn into support. What do you think will happen next?