Support Level

TechCrunch  Oct 20  Comment 
 Peter Thiel’s support of Donald Trump has been the subject of speculation and condemnation since rumors of his speech at the Republican National Convention first began to fly, and has only increased since Thiel agreed to donate $1.25 million...
Insurance Journal  Oct 20  Comment 
Brokerslink, the Zug, Switzerland-based insurance broker, has announced the completion of a private stock offering, creating a broad shareholder base and investment to support the continued growth of its global insurance broking and risk business....
The Economic Times  Oct 20  Comment 
India has made a big difference in gems and jewellery trade at a time when "exports are facing many challenges but this sector has stood the headwinds, and therefore we need to give all support to the sector," she said.
The Economic Times  Oct 20  Comment 
Put unwinding or closing of existing positions was seen at strike prices 8,300 (1.9L contracts shed), 8400 (1.8L contracts shed) and 8500 (0.47L contracts shed).
Financial Times  Oct 19  Comment 
Zuckerberg says network welcomes diversity of opinion as he stands by board member
TechCrunch  Oct 19  Comment 
 While Twitter continues to struggle with rampant bullying and abuse, Instagram is instead stepping up its game when it comes to keeping users safe from harm. The Facebook-owned photo-sharing network this week began rolling out a new reporting...
USDA  Oct 19  Comment 
WASHINGTON, Oct. 19, 2016 – Agriculture Secretary Tom Vilsack today announced that the U.S. Department of Agriculture (USDA) is awarding $7.6 million in grants to support projects that will grow opportunity in rural America through job training...


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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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