Definitions for "Support Levels"
A point identified by technical analysis at which there is believed to be residual support for a share price. The existence of this support is premised on the belief that if there has previously been a great deal of activity in a share at a particular price level, then investors will be unwilling to dispose of those shares at a much lower price. When a share price breaks through a support level, it can typically then trade considerably lower before stabilising in a new trading range. The old support level then takes up a new status as a resistance level.
A price level at which technical analysis indicate a rebound. Opposite of Resistance.
A term used in technical analysis indicating a specific price level at which a currency will have the inability to cross below. Recurring failure for the price to move below that point produces a pattern that can usually be shaped by a straight line.