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 AlphaTrade Finance
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Support
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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. |
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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.
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