Why price stall below the line?
4 types of ppl in the market.
1. Those that've shorted the break out weeks back : worry of turning a winner to looser, buy to BE.
2. Those holding long position @ this support level weeks back : buyers who purchase near a support level, only to see price fall, are likely to sell in order to recover their losses, when price rallies to near their break-even point.
3. Those holding long position @ lower level : seeing S turn R, will sell to take profit
4. Those not in trade : with the notion of Support becomes resistance, start to sell.
