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/or resistance:
“I have found it impossible to carry the heavy burden of responsibility and to discharge my duties as King as I would wish to do without the help and support of the woman I love.... I now quit altogether public affairs, and I lay down my burden.”
—Edward VIII (1894–1972)
“You may either win your peace or buy it: win it, by resistance to evil; buy it, by compromise with evil.”
—John Ruskin (1819–1900)