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congestion area

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congestion area
In technical analysis, a horizontal band on a point-and-figure chart resulting from a stock price fluctuation within a narrow price range. Because a congestion area indicates an equality of supply and demand, technicians wait until the stock breaks through the upper or lower bound before committing funds. See also horizontal count.
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congestion area

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``Although progress is being made in expanding California's energy infrastructure, Southern California's economic and strategic significance to the nation is so large that the department finds it to be a critical congestion area,'' wrote authors of the National Electric Transmission Congestion Study.
From a technical point of view, CCBL is breaking out of a two and a half year congestion area, and quite convincingly.
ZONA began a new uptrend when, on Feb 1, 2006, it broke out of an 18-month old sideways congestion area that ran from approximately $6 per share on the upside to $3 per share on the downside.
 
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