If support is broken, that will likely become the new level of resistance. Alternatively, if resistance is broken to the upside, it can form the basis for support in the short term. The Bottom Line ...

Many traders who use technical analysis hear phrases that suggest a "broken support level will become a future area of resistance" or that a "previous level of resistance will become a support ...

The Fibonacci Support and Resistance Levels become relevant when the stock’s price approaches one of the Fibonacci lines. If the stock falls below the line or fails to break past resistance ...

Support and resistance levels also become stronger the more times the market bounces off them. This phenomenon can turn a minor resistance level into a major one over time if it manages to rebuff ...

Support and resistance lines are charting techniques that help investors better visualize past price movements. Learn about what they indicate and how they’re used by investors.

For example, fakeouts occur when prices open beyond a support or resistance level, but by the end of the day, they wind up moving back within a prior trading range.

Breaching — and closing above — big round numbers in equity indices inevitably encourages optimists to hope that what was considered resistance can become support. Partner Center Most Popular ...

Together, the two lines represent a formidable near-term resistance zone with a new high of the consolidation range marked yesterday at 80.64. Both the 200-Day MA and 20-Day MAs are at 80.24 and ...