A support or support level on an asset is the price point at which it does not fall below for some time. Technical analysts use support levels along with resistance levels to chart price points and predict the performance of a stock over time. The support level represents the price point at which buyers tend to purchase stock. When the price point holds, it is considered a support level, but if it continues to fall, the support level is not set, and a new point will emerge.
Take profit order
A take profit (T/P) order is a type of limit order that specifies the price point at which a security will be sold for a profit. If the T/P is not met, the order is not filled. Like a stop-loss order, the T/P is used by traders to ensure that they capitalise on swift prices changes in the marketplace.