Resistance and support levels
These terms represent opposite ends of a market:
Support is the lowest level that a certain stock price will typically fall to
Resistance is the highest level that a certain stock price will typically rise to
Assets can fall or rise to their support or resistance levels in line with market predictions.
However, assets can also break their usual patterns, rising or falling beyond their support or resistance levels. If this were the case, new support or resistance levels would be created.