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Finding Reliable Support Levels Understanding Support Levels Support levels are price points on a chart where a stock or security has historically had difficulty falling below. These levels are seen as a floor for the stock’s price, as there is a significant amount of buying interest at that level. Traders use support levels to determine potential entry points for buying a stock or security. Identifying Support Levels – Look for previous lows: One of the simplest ways to identify support levels is to look for previous lows on a stock’s chart. These lows often act as support levels, as there ... Read more