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A price level at which a stock or market begins seeing increasing demand or buying interest.

It serves as a floor to lower prices.

Additional Comments:

A major support area is one that has been tested on several occasions and over a sustained period of time. When a major support area is broken and the stock or market begins to falter, a more meaningful move to the downside may occur.

For that reason, technicians consider major support areas to be significant.

Related Terms:

A movement by a stock or commodity above an established resistance zone or below an established ...

Trailing Stop
Trailing stops are designed to follow the market price of a stock by a percentage amount ...

When investors en masse have completely given up hope on an investment or market. Capitulation often ...

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