Support level

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Revision as of 00:13, 8 March 2021 by imported>Doug Williamson (Add illustration. Source: Rightline.net http://www.rightline.net/education/supportandresistance.html)
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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.


File:Support and Resistance.png











Source: Rightline.net


A support level may indicate the lower boundary of a range of prices, within which the asset is expected to trade.


See also

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