Support Level

The Economic Times  Jul 29  Comment 
The overall trend still remains on the downside; from higher levels, I would still look for signal of weakness, says Thacker.
The Hindu Business Line  Jul 29  Comment 
China stocks ended a three-day slide and recorded its biggest daily gain in 1-1/2 weeks on Wednesday, after Beijing reiterated its determination to stabilise its volatile equity markets. ...
Forbes  Jul 28  Comment 
Yesterday Apple made customer support history with its Beats By Dre support videos tweeted out natively in Twitter. With the purchase of Beats by Dre came the Twitter account @BeatsSupport. Post-Beats acquisition there is now a disconnect between...
New York Times  Jul 28  Comment 
Representative Sander M. Levin, the longest-serving Jewish member now in Congress, said he believed the nuclear accord made Israel more secure.
The Hindu Business Line  Jul 28  Comment 
The silver futures contract traded on the Multi Commodity Exchange (MCX) is finding support at ₹33,300/kg – an important trend-line support level. The contract has managed to bounce...
TechCrunch  Jul 28  Comment 
 Trello, the kanban-style project management service that was spun out of Fog Creek Software last year, launched its enterprise service today. While the company quietly introduced this new service tier a few months ago and started testing it with...
Mondo Visione  Jul 28  Comment 
We are happy to announce our support of Camara, a charity dedicated to using technology to improve education and livelihood skills in disadvantaged communities around the world. Camara reuses technology to enhance the education of...
Market Intelligence Center  Jul 28  Comment 
After Monday’s trading in Vertex Pharmaceuticals Inc (VRTX)'s patented algorithms uncovered a trade that offers a 6.35% return or 28.99% on an annualized basis (for comparison purposes only), while providing 8.44%...
Market Intelligence Center  Jul 28  Comment 
The patented option-trade picking algorithms that power's Artificial Intelligence Center  are highlighting two trades on Chicago Bridge & Iron Co. NV (CBI) today after it closed at $47.98 on Monday. For more...
The Hindu Business Line  Jul 28  Comment 
Chinese shares ended lower in a volatile session on Tuesday, even as Beijing pledged to lend further support after stocks sank 8 per cent in the previous session, raising concerns about financial...


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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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