Some charting terms
Impress friends and relatives by dropping some of these phrases into casual conversation.
Support level - price is unlikely to fall below this level.
Resistence level - price is unlikely to rise above this level.
Breakout - when a stock does eventually move above the resistence level.
Trend line - predicts future prices based on past pasrt prices.
Moving average - stock or index price averaged over several days head & shoulders - sell signal.