In up trends, every time price drops to the up trend line and then resume their advance, the trend line has acted as support to the price up trend.
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A 200-day moving average eliminates the presence of daily price fluctuations for periods below 200 days.
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Similar to support, a "resistance" level is the point at which sellers take control of prices and prevent them from rising higher.
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The historical trend of a security will tend to repeat.
In a rising trend a falling price often finds support and in a falling market rising stock prices often find resistance when they reach the level of the moving average.
Some market traders are permitted to trade on highly leveraged positions.