Support level: Difference between revisions
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imported>Doug Williamson (Simplify second sentence.) |
imported>Doug Williamson (Add illustration. Source: Rightline.net http://www.rightline.net/education/supportandresistance.html) |
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Used in chartist analysis to describe when a security or commodity price has repeatedly fallen to a certain price, but has then recovered. | Used in chartist analysis to describe when a security or commodity price has repeatedly fallen to a certain price, but has then recovered. | ||
[[File:Support_and_Resistance.png|thumb|left]] | |||
''Source: Rightline.net'' | |||
Latest revision as of 00:13, 8 March 2021
Technical analysis.
Used in chartist analysis to describe when a security or commodity price has repeatedly fallen to a certain price, but has then recovered.
Source: Rightline.net
A support level may indicate the lower boundary of a range of prices, within which the asset is expected to trade.
