Support
A support level is a price level where the price tends to find support as it is going down. 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.
Read more about this topic: Support And Resistance
Famous quotes containing the word support:
“In erotic love, two people who were separate become one. In motherly love, two people who were one become separate. The mother must not only tolerate, she must wish and support the child’s separation.”
—Erich Fromm (20th century)
“... the outcome of the Clarence Thomas hearings and his subsequent appointment to the Supreme Court shows how misguided, narrow notions of racial solidarity that suppress dissent and critique can lead black folks to support individuals who will not protect their rights.”
—bell hooks (b. c. 1955)
“At the Carter Center we work with victims of oppression, and we give support to human rights heroes.”
—Jimmy Carter (James Earl Carter, Jr.)