Tag Archives: support indicates

Support has a similar concept to resistance, but support indicates price points that fail to go down further. That is, when prices continue to decrease, at some level, the prices may start to seem to be quite good deals. It is like a shoe store putting a huge sale! While the sale is going on, generally more buyers come to purchase the goods. The same is true in case of stock market support points. Note that support, as well as resistance, is believed to be strong when there are a huge number of hits on price levels. Continue reading →