A good question and happy to elaborate..
A Support line is where the stock finds support, and by that it is meant a value where the candles tend to revert to. Consider a floor level if you like.
A Resistance line is the opposite in that it the upper level where the stock has peaked at and then reversed. Using the same analogy consider it the ceiling.
Here is a link, specifically for this question, but also one for some good, general background.
https://www.investopedia.com/trading/support-and-resistance-basics/
APX Charts, page-3373
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Last
47.0¢ |
Change
0.005(1.08%) |
Mkt cap ! $103.4M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 48.5¢ | 46.5¢ | $298.4K | 628.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 192162 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 31070 | 11 |
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| Last trade - 15.41pm 02/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |