What is consolidating
Technical traders look for support and resistance levels in price charts, and traders use those levels to make buy and sell decisions.
The upper and lower bounds of the stock's price create the levels of resistance and support within the consolidation.
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co.
In finances, consolidation occurs when someone pays off several smaller loans with one larger loan.
Consolidation is used in technical analysis to describe the movement of a stock's price within a well-defined pattern of trading levels.
Consolidation is generally regarded as a period of indecision, which ends when the price of the asset moves above or below the prices in the trading pattern.
Additionally, the term on the loan is often longer which will lower the amount the consumer needs to pay each month.
However, debt consolidation may be able to help you begin to take control of your debt and make changes in your financial picture.In financial accounting, consolidated financial statements provide a comprehensive view of the financial position of both the parent company and its subsidiaries, rather than one company's stand-alone position.In business, consolidation occurs when two or more businesses combine to form one new entity, with the expectation of increasing market share and profitability and the benefit of combining talent, industry expertise or technology.Basically you are consolidating all of your payments into one larger payment.Often the larger loan has a lower interest rate than the smaller loans.