PDSnet Glossary

Term

Categories

Introductory Technical Fundamental Economics Opinion Sectors International Regulatory Other Markets

Versions

Name	synonyms = 1, variations = 2, abbreviations = 3

Publish: (0 = no, 1 = yes)

Definition

A historical price level at which falling prices have stopped falling and either moved sideways or reversed direction; usually seen as a price chart pattern. Large investors have placed set orders with their stockbrokers to buy whenever the price reaches that level – which means that the chart will keep bouncing off that level until the sell orders are exhausted or a new upward trend begins.
<figure class="container-fluid"><img class="img-responsive" style="display: block; margin: 0 auto; max-width: 100%;" src="/onlinecourse/img/glossary/support-2.jpg" alt="Support Line" />
<figcaption style="text-align: center;">Support Line</figcaption>
</figure>

Edit Glossary Term