But people ARE emotional? So if a stock was trading at a level, then dropped significantly, it makes sense that it sees "resistence" as it climbs back to that l

But people ARE emotional? So if a stock was trading at a level, then dropped significantly, it makes sense that it sees "resistence" as it climbs back to that level. There are real people there who are happy to be back at $0 or back where they started so they sell. I believe stock prices are random, but it doesn't mean that market phenomena doesn't exist.