Support Level

RECENT NEWS
Daily FX  1 hr ago  Comment 
The USDJPY pulled back from a fresh monthly high of 104.11 as the weaker-than-expected U.S. Non-Farm Payrolls report dragged on the dollar
TechCrunch  1 hr ago  Comment 
Health tracking app Human just added a few new features to its latest update. First, the app now supports Apple's M7 fitness chipset if you have an iPhone 5s, while retaining compatibility with iPhone 4S and iPhone 5. The company also added a new...
TechCrunch  3 hrs ago  Comment 
Earlier this month, mobile ad attribution startup HasOffers spotted what seemed to be an important new feature in the latest iOS update — iAd attribution. Now it looks like the company was right, because it just announced it's taken advantage of...
Mondo Visione  4 hrs ago  Comment 
The MIAX Options Exchange has just released updated Interface Specifications for the Top of Market Feed (ToM) to support additional features.  This alert is an update to the alert "MIAX Options Interface Specification (FOI, MEI & ToM) Updates...
DailyFinance  8 hrs ago  Comment 
DRESDEN, GERMANY -- (Marketwired) -- 04/04/14 -- Editors Note: There is a photo associated with this press release. ZMD AG (ZMDI), a Dresden-based semiconductor company that specializes in enabling energy-efficient solutions, today...
StreetInsider.com  9 hrs ago  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Third+Point+Urges+Sotheby%E2%80%99s+%28BID%29+Stockholders+to+Support+Its+Slate/9353747.html for the full story.
FX Street  Apr 4  Comment 
Daily Forecast - 04 April 2014 GBPUSD GBPUSD tested good support at 1.6595/85 & spiked below... For more information, read our latest forex news and reports.
FX Street  Apr 4  Comment 
A ForexTrading.TV Technical Analysis Video Alert for AUDCAD For more information, read our latest forex news and reports.




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