buy stops above

Definition

Advice for a trader to buy a security at a time when its price has gone over a certain level of resistance which requires placing a buy stop order on the level of resistance. A trader deduces that an ideal buying opportunity will become evident when the level of resistance has been broken and the momentum will increase after the price moves past barriers.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
buy stop order buy, strip and flip