Support Level

RECENT NEWS
Agrimoney.com  3 hrs ago  Comment 
Sydney wheat futures record their best close in 14 months, and Winnipeg canola is near its highest in two years, even without help from US markets
The Economic Times  3 hrs ago  Comment 
Executives at 11 Shenzhen-listed companies announced plans on Friday to increase equity holdings in their own firms.
Channel News Asia  7 hrs ago  Comment 
Dr Amy Khor, speaking at the International Labour Organisation's Asia-Pacific Regional Conference, said companies ought to have policies that support career progression opportunities for women. 
Market Intelligence Center  Jul 2  Comment 
After Wednesday’s trading in Motorola Solutions Inc. (MSI) MarketIntelligenceCenter.com's patented algorithms uncovered a trade that offers a 4.62% return or 15.91% on an annualized basis (for comparison purposes only), while providing 4.58%...
Market Intelligence Center  Jul 2  Comment 
After Wednesday’s trading in Boston Beer Co Inc. (SAM) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 3.22% or 23.53% (for comparison purposes only), while providing 6.78%...




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