support level
noun
,
Stock Exchange.
1.
a minimum price below which a specific stock is not supposed to fall, as because of the stock's inherent worth.
Also called
support
,
support area,
support zone
.
Compare
resistance level
.
Origin
1950-55
Examples from the web for
support level
The
support level
will not be recorded in the plan until the rate calculator is completed.
These purchases help maintain market prices at the legislated
support level
.