Page 41 - FINAL CFA I SLIDES JUNE 2019 DAY 4
P. 41
Session Unit 3:
13. Technical Analysis
LOS 13.c: Explain uses of trend, support, resistance lines, and change in polarity. p. 319
Change in polarity
Breached resistance levels
become SL breached
support levels become RL
RL – At R55 per share, selling emerges that prevents further price decreases.
SL = Buying emerges that prevents further price decreases.