ASX Charting Course
Mini Glossary
Rally – price moving higher
Break – price moving lower
Stop – a stop loss
Short – opened sold contracts
Long – opened bought contracts
Support – a lower price level that price can’t break through, it keeps rallying from this level
Resistance – a price level higher, above the market that acts as a barrier to higher prices
Craig MacLean is a Futures Adviser Licensed under the Australian Securities Commission, Corporations Law. The writer accepts no responsibility for any losses incurred from any action or inaction derived from the advice in this report.