In trading, an area of support is simply where the price of an asset tends to stop falling. The support level is created by buyers entering the market and buying whenever the asset reaches a lower price. Support (and its opposite, resistance) are important technical indicators. Traders utilize support and resistance to plan entry and exit points for buying a selling. Breaking through a support or resistance level can be a strong sign of future major price movement.
Support
Market Terms
We don't know everything about the markets. We're just devoted to learners. Taken from those smarter than ourselves, here's how we define Support.