Yes, a support level can also act as a resistance level in technical analysis. This occurs when a stock's price falls to a certain level, which was previously considered to be a support level, and then bounces back up. However, when the price later rises again and reaches that same level, the support level may now act as a resistance level, causing the price to struggle to move higher.

This happens because traders who previously bought the stock at the support level may now be looking to sell it to make a profit, thereby creating selling pressure that can prevent the price from breaking through the resistance level.

In such cases, traders may use various technical indicators and chart patterns to identify potential resistance levels and make trading decisions based on them. Understanding the dynamics of support and resistance levels is an important part of technical analysis and can help traders make more informed decisions.

Yes, a support level can act as a resistance level through a concept called role reversal or polarity in technical analysis. When a price repeatedly bounces off a support level and then eventually breaks below it, that support often turns into a new resistance. This happens because traders who previously bought at the support level may now sell when the price revisits that level, fearing further declines. Similarly, stop-loss orders and breakout traders reinforce this behaviour. The same principle applies in reverse if a resistance level is broken, it can turn into a support level. Understanding this concept helps traders identify key price areas where reversals or continuations might occur, making it a crucial tool in technical analysis for forex and stock markets.