2006-08-18 10:08:20 · 3 answers · asked by Tags P. Edra 1 in Business & Finance ➔ Other - Business & Finance
a line that a price has trouble crossing. a stock can have a base price of 32 and go as high as 38 that is a trading range. the support is at 32 and the resuistance is at 38. if it breaks through either one that means something is happening to the good or bad. if it settles at 31 for two days then it will continue on its way down to a new support level.
2006-08-18 10:23:30 · answer #1 · answered by zocko 5 · 0⤊ 0⤋
This is forex question and I hope you are working any Brokerage House. Trading online in currencies or stocks.when any currency or stock move upward and break upper level is called resistance.and same when any currency or stock move down and break down level is called support.for some example.
resistance= 1.8700 1.8750 1.8900
support = 1.8650 1.8600 1.8550
in forex language we can also say bearish trend or bullish trend
2006-08-18 13:42:08 · answer #2 · answered by NADEEM AMIR 2 · 0⤊ 0⤋
Dont waste time just try this
http://www.thestockagent.com/2015/04/support-and-resistance-of-stocks.html
2015-04-30 23:09:00 · answer #3 · answered by rockx1 1 · 0⤊ 0⤋