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https://www.investopedia.com/terms/r/resistance.asp
Support and resistance are complementary concepts. Resistance establishes the current price ceiling for the stock, commodity or currency, and support forms the floor. When the price action breaches either support or resistance, it is considered to be a trading opportunity.
https://www.investopedia.com/trading/support-and-resistance-basics/
Defining Support, Resistance. Support is a price level where a downtrend can be expected to pause due to a concentration of demand. As the price of assets or securities drops, demand for the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to a sell-off when prices increase.
https://www.investorsunderground.com/stock-chart-patterns/support-resistance/
Supports are a price level that the stock will not fall below. Resistance is a price level that the stock can’t seem to rise above. The longer these levels hold, the more they become stabilized for an eventual breakout or breakdown. Breakouts forms when the resistance is finally surpassed as buyers come in off the fence and short sellers get buy to cover their shares.
https://en.mimi.hu/stockmarket/support_and_resistance.html
Support and Resistance Zones. As a stock price moves up and down over time it will tend to stay within a range. As the stock price moves up traders will sell and take a profit. When the price of a stock moves down traders will buy stock again.
https://www.learn-stock-options-trading.com/support-and-resistance.html
In simple terms, support and resistance are areas on a stock chart that act as price barriers. Using them to your advantage can maximize your trading profits. Using them to your advantage can maximize your trading profits.
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