what is the support ?
support or support level refers to the price level below which historically an underlying instrument has had difficulty falling it is the level at which buyers tend to enter a buy position and therefore stop the downward trend if the price of a stock or other financial asset falls toward the support level it is a test for the stock the support is either confirmed or eradicated confirmation occurs as buyers move into the stock causing it to rise if the price moves past the support level it means the support level failed and the market is looking for a new level 