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:
“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)