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For today's chart we've chosen to take a look at ECA because it is a good example of how the role of a support level can change once the price breaks below it. As you can see from the chart below, the bulls have recently pushed the stock price of ECA up toward an ascending trendline, which also corresponds to a level that most traders would expect to now act as resistance. Today's bearish candlestick may be used by traders to confirm the predicted role reversal and it would not be surprising to see the price of ECA shares have difficulties overcoming the sloped resistance.


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