Stock Support
Stock support is an imaginary line at which a stock will hit a bottom and head up. This is opposed to resistance which is the imaginary top of a given stock.
Support appears after a stock has hit a given level two or more times and has bounced upward after hitting that level. There are two ways in which you can draw a support line. The first is when the stock hits a flat level of support and keeps bouncing off of that level.
The second way, in which, you can draw a support line when a stock is in an uptrend. During this time the stock lows will be getting higher as a result the support line is slanted and not flat.
Stock Support is not fully accurate but it gives off a good level and does help to predict stock movements.
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