Support Level

Word: Support Level Definition: A price level where a downtrend can be expected to pause due to a concentration of demand or buying interest. Often identified by previous price bounces. Course: Technical Analysis Module: Module 1: Chart Basics Related Terms: Resistance Level, Price Pattern, Trend Line Example Usage: "The stock found support at $25, bouncing off this level three times before continuing its upward trend." Visual Aid: ✓ Tags: chart patterns, price levels, technical analysis