Support Level

The Economic Times  44 min ago  Comment 
Fresh Put writing was seen at strike prices 8,100 (10.94 lakh contracts added), 8,000 (11.9 lakh contracts added) and 7,900 (9.67 lakh contracts added).
The Hindu Business Line  May 29  Comment 
Motion picture maker and entertainment company Dreamworks has outlined its interest for expanding their production facilities in India and sought partnership with Telangana Government for their long t...
The Economic Times  May 28  Comment 
Now, only months later, much of the support is gone, and the push for legislation dead, according to sources in congressional offices, the administration and the tech sector.
The Economic Times  May 27  Comment 
The NCR used to be the largest market for diesel vehicles until the Supreme Court imposed the ban in December as part of efforts to improve the quality of air.
Reuters  May 27  Comment 
* Hercules Offshore Inc announces transfer of Hercules Highlander and execution of restructuring support agreement
Mondo Visione  May 26  Comment 
Effective June 1, 2016, the Exchange will  assess Members and Non-Members that request MIAX technical support at any of the MIAX data centers a fee of $200 per hour for such technical support. For full details, please review the pending June...  May 26  Comment 
A few weeks ago I wrote an article which called for gold futures to test the $1,300 mark. I was lucky and the move happened fast -- and just as fast fizzled out. As I was scanning the markets this morning, it was gold that caught my eye...  May 26  Comment 
Shares of Alibaba  are trading below two critical technical support areas after plunging almost 9% Wednesday to a session low of $74.12. The Chinese e-commerce company disclosed it is being investigated by the Securities and Exchange...
Forbes  May 25  Comment 
Silicon Valley’s Peter Gregory would be shedding hot, expensive tears if he could see his namesake, Peter Thiel’s, plan for the future.


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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]


  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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