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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 …
https://finance.zacks.com/support-resistance-levels-stocks-2299.html
Resistance and support levels are at the upper and lower extremes of the current stock price trading range. The resistance level is the top of the expected stock price trading range. Establishing...
https://school.stockcharts.com/doku.php?id=chart_analysis:support_and_resistance
From the October lows, the stock advanced to the new support-turned-resistance level around 42.5. When the stock failed to advance past 42.5, the resistance level was confirmed. The stock subsequently traded up to 42.5 two more times after that and failed to surpass resistance both times.
https://stackedbid.com/support-resistance/
Both the support and resistance lines are not absolute points on a chart. When a stock approaches either line, maybe a bounce happens a few cents from the support or resistance. For example, let’s say support is drawn at $4.50 and the stock is approaching this line.
https://www.swing-trade-stocks.com/support-and-resistance.html
Tip: The more times a stock hits a support or resistance area the weaker it becomes (and the possibility of a breakout increases). Look back up at the previous chart. That stock hit the $26.50 area several times before finally breaking out.
https://stockinvest.us/technical-analysis/AAPL/support-and-resistance
About Support and resistance. There are many factors used to determine support and resistance. The most common are: Trend; Moving averages; Round numbers; Previous tops and bottoms; Accumulated volume; You may discuss what is the best, but by looking at the chart you will be able to get a more visual expression.
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