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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. |
Related Terms: | ||
Breakout A movement by a stock or commodity above an established resistance zone or below an established ... Capitulation When investors en masse have completely given up hope on an investment or market. Capitulation often ... Insider Trading Making investment decisions based on information that is not yet public. Although trading based on this ... | ||
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