support level Meaning & Definition
What Does Support Level Mean?
Support Level is a noun that means In technical analysis, a price level where the price tends to find support as it is going down, so it is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely to continue dropping until it finds another support level.
Support Level Definition (Noun)
- In technical analysis, a price level where the price tends to find support as it is going down, so it is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely to continue dropping until it finds another support level.
Synonyms of Support Level
The source does not list synonyms for this entry.
Support level synonyms and antonyms →Word Forms & Grammar
support level (plural support levels)