Support level: Difference between revisions

Revision as of 15:35, 30 July 2020

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.

Revision as of 15:11, 30 July 2020 (view source) imported>Doug Williamson (Expand definition. Sources: linked pages.) ← Older edit		Revision as of 15:35, 30 July 2020 (view source) imported>Doug Williamson (Simplify second sentence.) Newer edit →
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	~~In combination with a resistance level, 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.