Support and resistance is a concept in technical analysis that the movement of the price of a security will tend to stop and reverse at certain predetermined price levels.
Read more about Support And Resistance: Support, Resistance, Reactive Vs Proactive Support and Resistance, Identifying Support and Resistance Levels, Using Support and Resistance Levels
Famous quotes containing the words support and, support and/or resistance:
“They [parents] can help the children work out schedules for homework, play, and television that minimize the conflicts involved in what to do first. They can offer moral support and encouragement to persist, to try again, to struggle for understanding and mastery. And they can share a child’s pleasure in mastery and accomplishment. But they must not do the job for the children.”
—Dorothy H. Cohen (20th century)
“The habit of arguing in support of atheism, whether it be done from conviction or in pretense, is a wicked and impious practice.”
—Marcus Tullius Cicero (106–43 B.C.)
“The resistance we make to our passions is due to their weakness, not our strength.”
—François, Duc De La Rochefoucauld (1613–1680)