LOW
The low refers to the lowest price at which the stock was traded in a day or in a specific period. This is the lowest price of the day at which sellers are willing to part with their stocks. They are not willing to push the price any lower. It also means that at this low point of the day, the buyers have entered the market again and taken control of the market.
If the low is at or near the opening of the day, the buyers have been the dominant force in the market. They have forced the price up from the low. If the low is near the close of the day, and the open was near the high of the day, then the sellers have been in control of the market, driving the market down. As with the highs, previous lows will also act as support to stop further declines. When prices reach these previous lows, analysts should be on the alert to see if the demand will attempt to overwhelm supply again at a later stage near these same levels.
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