What is a Support when it comes to stock prices?
It's a level from where stock bounces. It gives an opportunity to traders to make quick returns in short period of time.
Here's one illustration: Twitter
The State of Twitter 15 days back:
Is Twitter Value Buy?
The stock is at Ultimate support level pic.twitter.com/LCPjLz8w39
— Deepak Singh (@smarket) April 17, 2017
Here's what Twitter has done from that level:
It's as simple as it looks
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers