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 ... Trailing Stop Trailing stops are designed to follow the market price of a stock by a percentage amount ... Capitulation When investors en masse have completely given up hope on an investment or market. Capitulation often ... | ||
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