What is the meaning of Support Line?

On a chart, a line drawn indicating the price level at which falling prices have stopped falling and have moved sideways or reversed direction.

Barry Goldsmith
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APABarry Goldsmith. (2010). support line. Retrieved September 23, 2026, from http://smartdefine.org/support_line/definitions/1164606
ChicagoBarry Goldsmith. 2010. "support line" http://smartdefine.org/support_line/definitions/1164606 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, support line, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/support_line/definitions/1164606>.
MLABarry Goldsmith. "support line" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/support_line/definitions/1164606>