Support level: Difference between revisions
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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. | ||
A support level may indicate the lower boundary of a range of prices, within which the asset is expected to trade. | A support level may indicate the lower boundary of a range of prices, within which the asset is expected to trade. | ||
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* [[Technical analysis]] | * [[Technical analysis]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
[[Category:Technology]] | [[Category:Technology]] | ||
[[Category:The_business_context]] | |||
Latest revision as of 20:44, 25 December 2024
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.
A support level may indicate the lower boundary of a range of prices, within which the asset is expected to trade.
