If a stock trades 100 million shares in volume and goes up from a $1.00 to $2.00. then drops back down to $1.00.
It's becomes impossible for it to go back to $2.00 again on only 1,000,000 in volume.
Why? Because there is resistance now
Losers in the stock who want to get out
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Thank you for sharing this, simple explanation to a complicated concept.
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All the bag holders have their fingers on the trigger as soon as stock starts to go back up. This creates a downward momentum meaning once the stock gets near where it was the last time there will be way more sellers than buyers
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