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:
“The sceptics assert, though absurdly, that the origin of all religious worship was derived from the utility of inanimate objects, as the sun and moon, to the support and well-being of mankind.”
—David Hume (1711–1776)
“Many people now believe that if fathers are more involved in raising children than they were, children and sons in particular will learn that men can be warm and supportive of others as well as be high achievers. Thus, fathers’ involvement may be beneficial not because it will help support traditional male roles, but because it will help break them down.”
—Joseph H. Pleck (20th century)
“Even the most subjected person has moments of rage and resentment so intense that they respond, they act against. There is an inner uprising that leads to rebellion, however short- lived. It may be only momentary but it takes place. That space within oneself where resistance is possible remains.”
—bell hooks (b. c. 1955)