A downtrend line refers to a straight line drawn on a graph connecting the lower points of a stock or market's price movement. It indicates the overall downward direction or trend in the price.
Sentences with «downtrend line»
We prefer lower risk entry points, so we look to build a position much earlier in the base using a combination of downtrend line breakouts, higher swing lows, and the 50ma. (morpheustrading.com)
Now, $ YCS is back above both its 10 and 40 - week moving averages, as it pops its head above resistance of a 6 - month downtrend line on increasing volume and with a bullish reversal pattern. (morpheustrading.com)
After three shakeouts below the 50 - day moving average (on 3/22, 4/5, and 4/15), $ THD has reclaimed the 50 - day MA and is poised to break out above the short - term downtrend line of the consolidation. (morpheustrading.com)