Anyway, this move up and then down to form new support levels continues through November 1999. (tradingonlinemarkets.com)
Looking at the longer - term weekly chart of EEM, notice that the consolidation on the daily chart follows a recent breakout above resistance of an 18 - month downtrend line, which should now act as the new support level: (morpheustrading.com)
If bulls seal 1.40 as a new support level, they will likely use it to create a base and march to 1.60. (hacked.com)