What is a Support (Support Level)?
 | | Support (Support Level) | | Support, or support level, refers to the price level that an asset does not fall below for period of time. An asset's support level is created by buyers entering the market whenever the asset dips to a lower price. In technical analysis, the simple support level can be charted by drawing a line along the lowest lows for the time period being considered. The support line can be flat or slanted up or down with the overall price trend. Other technical indicators and charting techniques can be used to identify more advanced versions of support. | | Read More » | | Related to "Support (Support Level)" | | | | Moving Average (MA) | | A moving average is a technical analysis indicator that helps smooth out price action by filtering out the "noise" from random price fluctuations. | | Read More » | | | Buy Limit Order | | A buy limit order is an order to purchase an asset at or below a specified price. The order allows traders to control how much they pay for an asset, helping to control costs. | | Read More » | | | Reversal | | A reversal is a change in the direction of the price trend of an asset. Reversals occur to the downside after an uptrend, or to the upside after a downtrend. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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