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Trading and Investment Terminology

Zone of Support

Zone of support can be defined as a price zone reached when a stock's price has declined to an anticipated low, referred to as a support level.

The zone of resistance can be described as the upper range of a security's price, with the lower range being its support levels.

Traders generally use technical method of stock analysis in order to recognize a zone of support.

The zone of support on a charting diagram depicts a lower limit that the security has not beforehand broken through.

At the level of support, supply exceeds demand and volume is generally low.

A zone of support for the most part shows a territory of price lows that the stock has not beforehand effortlessly moved underneath.

The zone of support normally happens around a support trendline.

While it tends to be a limited point on a technical chart graph, consistent trading of a stock maintains the support trendline's price dynamic.

A zone of support can offer gainful areas for traders.

Like zones of resistance, these areas present an open door for a reversal.

In that capacity, traders can utilize a wide range of technical analysis patterns to recognize these zones for profitable trading openings.

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