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09:46 Jan 30, 2009
English to Polish translations [PRO] Bus/Financial - Finance (general) / foreign exchange
English term or phrase:support point
The concept is that the price of stocks (or commodities) move up or down based on reaction to outside events and then hit certain "resistance points" that serve as a barrier to further upward movement or "support points" that serve as a barrier to further downward movement. Many analyses like this one attempt to predict where those points currently stand, with varying rates of success.