Support – In technical analysis, the price level which, historically, a security or currency has resists falling below. It is thought of as the level at which a lot of buyers tend to enter the position causing it to rise. Typically, if the position falls below this level it brings on an influx of sellers causing the position to decline further.
The description for Support not up to scratch? Think you could improve it? Use the comments form below to suggest an edit...
Know of any terms we are currently missing?
We thank our glossarys top sources and contributors...
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply