Real or artificial price floor in technical analysis that either represents the inflection point for an upward trading trend or if broken a new downward trading trend.
A price level below which it is supposedly difficult for a security or market to fall. That is, the price level at which a security tends to stop falling because there is more demand than supply; can be identified on a technical basis by seeing where the stock has bottomed out in the past.
An area or price level where a price decline may be expected to be halted (or to slow) by an increase in demand. Opposite of resistance. E-K L-O P-R U-Z