What is Buy Stops Above?
A recommendation to buy a specific security when a the security’s price exceeds a certain level of resistance by placing a buy stop order at that level of resistance. The trader’s belief is that a good buying opportunity is present when the level of resistance has been breached and that upward momentum will prevail once the price moves beyond the barrier. Read more for examples and further explanation including related video clips and also comments
Continue reading “Buy Stops Above definition explanation”