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Technical Analysis: Support, Resistance, and Pivot Points

Technical Analysis: Support, Resistance, and Pivot Points

What are Support and Resistance in Technical Analysis?

Support and Resistance are technical analysis tools to help stock traders find the theoretical lows and highs of a stock price over a trading period. The idea behind support and resistance levels are that when a stock price approaches or touches these support and resistance levels, the price will generally reverse rather than breaking through.

Technical Analysis