Support Level

WA Business News  2 hrs ago  Comment 
A snap poll of residents in South Perth has revealed strong support for development in the area, despite activism against the high-rise project plans.
The Economic Times  6 hrs ago  Comment 
Last week's high of 8,250.80 would be a daunting task to overcome, though there is a possibility of extending the bounce back to 8,320­-8,380 level.
Forbes  Dec 4  Comment 
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Benzinga  Dec 2  Comment 
Lululemon Athletica Inc. (NASDAQ: LULU) shares are trading lower by $0.60 at $55.93 in Friday's session. The catalyst for the decline may be a downgrade from Cannacord Genuity to Sell and a lowered price target from $65 to $44. After a...
Forbes  Dec 2  Comment 
Fraudsters have been running Windows tech support scams for years. Recently, however, their tactics have become even more insidious.
Forbes  Dec 2  Comment 
Poor UX is a loss-loss for consumers and insurance companies alike.
Financial Times  Dec 2  Comment 
Country will ‘never go anywhere’ if reforms are rejected, says prime minister
WA Business News  Dec 2  Comment 
The inaugural Food Rescue Week begins in Perth tomorrow to promote the Food Rescue initiative, with the State Buildings, The Trustee and Lalla Rookh among the venues promoting the cause.
The Economic Times  Dec 2  Comment 
Fresh Call writing was seen at strike price 8,300 (8.1 lakh contracts added) while Call unwinding was seen at strike price 8,200, where 2.5 lakh contracts were shed.
Forbes  Dec 1  Comment 
There is no dichotomy between health care for all and research, including precision medicine....


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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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