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Support Level
Technical AnalysisA specific price where historical buying pressure has repeatedly prevented further decline. Support levels are identified from prior swing lows, round numbers, or areas of heavy prior trading volume.
Related Terms
Support
A price level where buying pressure tends to overcome selling pressure, causing the price to stall or bounce upward.
Resistance Level
A specific price where historical selling pressure has repeatedly prevented further advance.
Breakout
When price moves above a resistance level or below a support level with increased volume.