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Definition of 'Technical Rally'
An upward movement in a security's price following a declining trend. The movement is caused by technical as opposed to fundamental factors affecting sentiment.
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Investopedia explains 'Technical Rally'
For example, technical analysts may identify a particular support price, and as a result, an increase in price is experienced once that price is reached.
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Understanding this key concept can drastically improve your short-term investing strategy.
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Adopt a sound exit strategy based on support and resistance levels while understanding the market psychology behind them.
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