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Support Level

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BCC calls for more support for UK exports
Financial Times  5 hrs ago  Comment 
Survey by British Chambers of Commerce shows EU still most popular market for UK exporters, with Central and South America at the bottom of the list
Sudans defuse row over rebel support, promise more talks
Reuters  May 17  Comment 
Sudan's foreign minister said on Friday neighbour South Sudan had promised him it would not let rebels operate across their shared border, defusing a row that had threatened a key oil deal.     
Tata centre support for UK small units
The Hindu Business Line  May 17  Comment 
Tata Management Training Centre and the UK Trade and Investment have joined hands to support innovative UK technology small and medium enterprises (SMEs) entering the Indian market. Geor...
Regus Partners with iYogi to Provide UK Customers Anytime, Anywhere Tech Support
Cloud Computing  May 17  Comment 
Regus, the world's largest provider of flexible workplaces has partnered with iYogi, a global provider of software and tech support services to provide high-quality tech support to its customers in the UK. read more
PLN, HUF and RON weekly snapshot – tough week for the PLN and RON, HUF fighting the support
FX Street  May 17  Comment 
Polish Zloty (EUR/PLN) – negative outlook for the Zloty Despite vacation coming up, the currencies... For more information, read our latest forex news and reports.
Govt assures support to apparel sector
The Hindu Business Line  May 17  Comment 
The government today assured the apparel industry that it would address issues relating to skill development and availability of credit to boost garment exports. These issues came up for...
Deere (DE) Trading Near $88.32 Support Level
Market Intelligence Center  May 17  Comment 
Deere & Co (NYSE: DE) closed Thursday's trading session at $89.39. In the past year, the stock has hit a 52-week low of $69.51 and 52-week high of $95.60. Deere (DE) stock has been showing support around $88.32 and resistance in the $90.86 range....




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Support level

Support level is the price level, which, historically, a security has had difficulty falling below. Typically, the support level can be thought of as the level at which many buyers tend to enter a security. [1] Support levels are often used in technical analysis.

The original low price level becomes a support area because investors will believe that prices will again rise above that level. [2] This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely to continue dropping until it finds another support level. [1]

From 14c., from, bring up, up from under, portare "to carry." Sense of "that which supports" is from 1560s. [2]

References

  1. ↑ Wall Street words: an A to Z guide to investment terms for today's investor By David Logan Scott ISBN-10: 0618176519 pg367
  2. ↑ A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing By Burton Gordon Malkiel ISBN-10: 0393062457 pg107
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