A Support Level is the low end of the price range for an investment over a certain period. Buyers generally see that asset as fairly priced and thus tend to buy it if it falls lower, preventing further declines. Support levels tend to be shorter-term trends, as they move up or down over time based on the latest news.
A Resistance Level is a price level on a rising market at which a security resists further advance due to increased attractiveness of the price to potential sellers.
A Resistance Level is a price level on a rising market at which a security resists further advance due to increased attractiveness of the price to potential sellers.
