$CLANKER fell below the 16.5 level, and is now at 16.32.
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 often intense.
The key is whether a rebound can reclaim 16.5. If it can’t, the level will turn from support into resistance. Will the market change direction 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 often intense.
The key is whether a rebound can reclaim 16.5. If it can’t, the level will turn from support into resistance. Will the market change direction next?
