Support and resistance in the financial market are used in the technical analysis of the financial instrument. Support means the lowest level of the current price with a tendency to find prices lower than the support level, and the price is more likely to rebound from this support level rather than break through it. Therefore, support is the point at which demand increases and overcomes supply, and at this level prices rebound towards the rise due to increased buying pressure more than selling pressure.
نقاط الدعم والمقاومة والتجميع والتصريف
As for resistance, it is the level greater than the current price of the instrument, which is the maximum price to which the instrument may rise, unlike support levels. Resistance is the point at which supply overcomes demand directly above the required price. When the stock or financial instrument reaches that level, prices rush down due to increased selling pressure more than buying pressure.
The concept of support and resistance
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