top

Top

The highest price level reached by a security, index of securities, commodity or economic cycle in a given time period, followed by at least a short-term decline.

Notes:

Security prices and economic cycles commonly move in trends, following an upward trend for a time before reversing and moving downwards for a period. The point at which a trend reversal switches from an upward to a downward one is referred to as the top. Short- to medium-term traders like to sell at or near the top before the downward trend begins.

See also: Ascending Tops, Blow-Off Top, Bottom, Descending Tops, Head and Shoulders Pattern, Technical Analysis

---

TOP

In currencies, this is the abbreviation for the Tong P'anga.

Notes:

The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.

See also: Currency, FOREX, Hard Currency, Money

---

TOP

The ISO 4217 currency code for the Tonga Pa'anga.

---

Top

Indicates the higher price one is willing to pay for a stock in an order; implies a not held order.

---

top

The highest level to which a stock, a market index, or some other asset will rise. A top may be short-term or long-term, depending upon the type of price movement being evaluated. Compare bottom.