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https://www.investopedia.com/trading/support-and-resistance-basics/
Often, a support level will eventually become a resistance level when the price attempts to move back up, and conversely, a resistance level will become a support level as the price temporarily falls back. Price charts allow traders and investors to visually identify areas of support and resistance,...
https://finance.zacks.com/support-resistance-levels-stocks-2299.html
A stock support level is a value that the share price has declined to several times but not continued on to lower values. On a chart of the stock share price, the support level is indicated by a horizontal line with the share value coming down to the line several times before returning to higher price levels.
https://www.investopedia.com/terms/s/support.asp
Nov 25, 2019 · Support, or support level, refers to the price level that an asset does not fall below for period of time. An asset's support level is created by buyers entering the market whenever the asset dips to a lower price.
https://pocketsense.com/calculate-support-resistance-stocks-5663958.html
The support level represents the price at which buyer demand for a stock was greater than the supply offered by sellers. The resistance level is the inverse. Theoretically, support protects against price declines and resistance acts as a barrier against a rising price.
https://marketsmith.investors.com/stock-charts/stock-chart-analysis/
Aside from price, volume is the most important characteristic used to evaluate a stock’s behavior around support and resistance levels. As a stock’s price approaches a support line, selling volume...
https://www.swing-trade-stocks.com/support-and-resistance.html
Tip: The more times a stock hits a support or resistance area the weaker it becomes (and the possibility of a breakout increases). Look back up at the previous chart. That stock hit the $26.50 area several times before finally breaking out.
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