A price or price range at which technicians expect the price of a security to bounce one or more times before breaking through to the downside. Support is typically caused by an abundance of buyers and a shortage of sellers at that price level. Technicians believe that the strength of a support area is determined by the significance of the trading that created it. For example a trading range that spanned many months will create more price support than then the trading range for the previous day.
Browse by Subjects
American Bankers Association (ABA)
See All Related Terms »
duty paid goods
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):