In relation to technical analysis,a support level is:
A) a level beyond which the market is unlikely to rise.
B) a level below which the market is unlikely to fall.
C) an equilibrium price level supported by earnings and cash flows.
D) the complete cycle of a market wave.

Question

Quizplus · Accepted Answer

A support level is a specific price level in a security, commodity or index where it is believed that buying activity will increase, thus preventing or at least slowing the further fall in price. It is a level below which the market is unlikely to fall.

In Relation to Technical Analysis,a Support Level Is