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.
Investopedia Commentary
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.
Related Links
Support & Resistance Basics
Introduction To Technical Analysis
Trading on Support
See also: Bull Market, Correction, Dead Cat Bounce, Falling Knife, Panic Selling, Retracement, Support, Technical Analysis, Trend
technical rally