Page 49 - FINAL CFA I SLIDES JUNE 2019 DAY 4
P. 49

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 - Selling emerges that prevents                                      Breakout from a downtrend

         further price decreases.                                                or a Breakdown upward trend!







                               SL = Buying

                               emerges that
                               prevents
                               further price

                               decreases.
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