PSON is this historic resistance enough to reject the price herePearson PLCLSE_DLY:PSONStockso_SimplePrice has approached a key historic resistance level. Zooming out for context, the price retraced sharply from this exact zone in June last year. That doesn’t guarantee a repeat performance, but we must watch the recent price action carefully for clues. The volume on Monday was significant, a major effort from the buyers. Since then, the price has remained tight and relatively high, showing compression just under the ceiling. Is this distribution or absorption before a major breakout? A break below the open of Monday’s high-volume candle is the clear line in the sand that could see this fall back down the range. For anyone holding a long term position, it is worth asking the question: have the fundamentals genuinely changed since it last sold off from this level?