support and resistance defined support is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest.
the support and resistance can be considered as a floor and a glass roof that appears to limit the range of market movement. Understanding these concepts will help you develop a strategy of disciplined trading. The continuous shift in the balance between supply and demand results in dynamic pricing and sometimes a volatile market.
Support and resistance concept is one of the most popular and widely used technique in technical analysis. It is easy to understand the concept of support and resistance but it is near impossible to master. In the simplest of terms, the support and resistance levels represent areas where we can anticipate a price reaction of an asset.
Supports are a price level that the stock will not fall below. Resistance is a price level that the stock cant seem to rise above. The longer these levels hold, the more they become stabilized for an eventual breakout or breakdown.
Support and resistance is a stock market concept which gained steam in the 1800s and early 1900s. The idea is that certain price levels have significant imbalance of supply and demand, and serve as market turning points.
support and resistance levels are integral to any financial market. Market participants define these levels, which essentially represent supply and demand, or the order flow, which can rapidly shift.
Support and resistance is one of the most used techniques in technical analysis based on a concept thats easy to understand but difficult to master. It identifies price levels where historically the price reacted either by reversing or at least by slowing down and prior price behavior at these levels can leave clues for future price behavior.
technical analysis theory says that once a support or resistance is broken, its role is reversed similarly, the investor who bought a stock close to the support thinking that it can only go up from that level will be bewildered to see the support getting breached and that he is at a loss.
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