Support Level

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Forbes  2 hrs ago  Comment 
If you really want to know how to set up customer support for your tech company, there is no better place to go than to the customer support for a customer support tech company.
MarketWatch  7 hrs ago  Comment 
The pound climbed Tuesday, as investors reacted to a new poll that indicated most Britons will choose to stay in the European Union in an upcoming referendum. Sterling was up 0.8% at $1.4600. An ORB poll conducted for The Telegraph newspaper,...
The Economic Times  8 hrs ago  Comment 
Sterling was up against the euro, while it was firmer against the dollar. Sterling's gains accelerated after stock markets in Europe turned higher.
The Economic Times  9 hrs ago  Comment 
The global costs, if we do not take action now, could be 10 million people dying every year by 2050, and a cumulative economic cost of around $100 trillion.
The Hindu Business Line  May 23  Comment 
Union Minister Venkaiah Naidu, who had come to Chennai to attend the swearing-in ceremony of the AIADMK General Secretary J Jayalalithaa as Chief Minister, said the Centre will extend support and coop...
The Hindu Business Line  May 23  Comment 
Will provide up to ₹1 cr to film-makers
newratings.com  May 23  Comment 
BRUSSELS (dpa-AFX) - The Swiss stock market ended the first session of the new trading week with an increase. The market got off to a weak start and fell below the 8,000 point level. However, the market quickly reversed and hit an intraday high of...
Reuters  May 23  Comment 
Los Angeles-based startup HelloTech and rival in-home tech support company Geekatoo on Monday said they had merged, in a sign of consolidation in the hotly...
Wall Street Journal  May 23  Comment 
Gannett is signaling it could abandon a bid to acquire Tribune Publishing if not enough Tribune shareholders indicate their support for the proposed takeover at the company’s annual meeting.
The Economic Times  May 22  Comment 
Adi Godrej said that Rajan was voted as best Central Bank Governor in the world by one of the magazines and he is an admirer of him and support his extension.




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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]

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
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