Support Level

RECENT NEWS
Commodity Online  27 min ago  Comment 
TechCrunch  10 hrs ago  Comment 
 Wikipedia has today made a significant update to its iOS application, which most noticeably features a cleaner, “distraction-free” design, as well as the ability to edit Wikipedia articles from your smartphone or tablet device. Under the...
DailyFinance  11 hrs ago  Comment 
Member of Parliament Rob Merrifield announces funding for Whitecourt's Party in the Park FestivalWHITECOURT, ALBERTA -- (Marketwired) -- 07/31/14 -- Department of Canadian HeritageThe Government of Canada has provided the Whitecourt Party in the...
The Hindu Business Line  12 hrs ago  Comment 
The Indian Solar Manufacturing Association and KPMG have called on the Government to provide support to domestic solar power equipment manufacturers.The two have drawn a similarity betw...
The Hindu Business Line  Jul 31  Comment 
The crude oil futures contract traded on the Multi Commodity Exchange has dropped over 3 per cent from its high of ₹6,273/barrel recorded on June 21. The 21-day moving average at ₹6,155 is...
Cloud Computing  Jul 31  Comment 
Revolv Inc., the smart home solution that unifies premium smart home automation devices from one app, has announced its new support for Android and official integration with the popular Nest Learning Thermostat™....
The Hindu Business Line  Jul 31  Comment 
This is with reference to the article “Rural India does not need loan waivers” by BS Suran and KU Viswanathan (July 31). Rural India means agriculture, the backbone of our economy. A suffering rur...
WA Business News  Jul 31  Comment 
Woodside Petroleum's plan to buy back $US2.7 billion worth of shares from Royal Dutch Shell looks set to fail.




RELATED WIKI ARTICLES

Related Articles

 
TOP CONTRIBUTORS

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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki