Sentences with phrase «downtrend line»

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. Full definition
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.
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.
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.
Looking at the weekly chart again, notice that yesterday's pullback also caused EEM to come into new support of its prior downtrend line from the 2011 high.
RAMKY recently broke a 5 year long downtrend line in February of this year on heavy volume, which is best viewed on a monthly chart.
Litecoin has not held up well either, demonstrating a sharp decline below its usual downtrend line at $ 140.
As such, $ GLD will need to deal with overhead resistance around the $ 127 - $ 128 area on its next rally attempt (the 20 - month downtrend line also converges near this level).
Now that $ SMH has finally broken out to a new 52 - week high, the breakout above the nine - year downtrend line shown above is becoming confirmed.
Combined with the breakout above the nine - year downtrend line, this price consolidation and base building is bullish.
As a follow - up to that analysis, the longer - term weekly chart below shows the breakout above a year - long downtrend line, along with a -LSB-...]
I still think prices will crack the 3 % level in the weeks ahead so stay short & continue to place the proper stop loss as I still believe the risk / reward are in your favor as the longer - term downtrend line remains intact.
Looking at the current monthly candlestick, notice that $ FXE failed to breakout above the monthly downtrend line earlier in the month.
Therefore, the prior downtrend line shown on the weekly chart below should provide substantial support for EEM:
After rallying 30 % off its 2012 low, $ RSX subsequently pulled back and successfully tested new support (prior resistance) of its multi-year downtrend line, and now is forming the right -LSB-...]
For starters, $ PALL broke above its weekly downtrend line on higher volume last week (on November 6).
On the long - term monthly chart of $ GLD below, check out the clear downtrend line that began nearly two years ago:
LTC has just broken a major downtrend line on the Binance chart, and it looks like Bitfinex is right on its heels.
«Bitcoin now is testing a very important downtrend line, the same one that the Cryptocurrency failed at in January and again in March (on a log scale),» Frank Cappelleri, executive director, institutional equities at Nomura Instinet, said in a note.
The weekly gold chart shows a series of fan downtrend lines, which is a very long - term trend reversal pattern.
UltraShort Real Estate (SRS) has been drifting sideways in a tight range at the 20 - day EMA the past few weeks after breaking the daily downtrend line.
Yesterday, on a spike in volume, the ProShares Ultra Dow Jones - AIG Crude Oil ETF (UCO) broke above its recent downtrend line and set a new 4 - day high.
Therefore, if $ EEM can rally above the short - term downtrend line annotated on the chart above, and subsequently put in a «higher low,» we might be able to grab a low - risk buy entry point as early as next week.
There is still a stubborn downtrend line in place on the daily bar chart for December gold futures.
This means that the Noble Group share price must overcome the red downtrend line marked on the above chart.
Bitcoin Cash has broken the major historical downtrend line convincingly and has come to its first major resistance point, $ 400.
It has broken out of the small downtrend line, which is a bullish development.
Note, these are not Fibonacci fan lines, they're a series of downtrend lines with a common starting point.
A break above the three - day high is our buy entry, as this would put the price action above the 20 - day EMA and the short - term downtrend line of the tight range.
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:
In turn, we would subsequently expect the next move up in $ FXE to convincingly break out above the long - term monthly downtrend line.
As a follow - up to that analysis, the longer - term weekly chart below shows the breakout above a year - long downtrend line, along with a coinciding pickup in volume:
After rallying 30 % off its 2012 low, $ RSX subsequently pulled back and successfully tested new support (prior resistance) of its multi-year downtrend line, and now is forming the right side of this bullish chart pattern.
Nevertheless, we were able to find one ETF that has been consolidating in a tight range over the past few months, after breaking above a weekly downtrend line.
Nevertheless, the stock still must contend with an abundance of overhead resistance because it is merely bouncing off support of its (downward sloping) 50 - day moving average and prior downtrend line.
At that time, we liked that $ SMH was breaking out above resistance of a nine - year downtrend line, which was only apparent by looking at the long - term monthly chart interval of the ETF.
But the recent bounce in the dollar shows that it has broken the downtrend line and is actually finding a key level of technical support around the 90.00 level.
The close above the value of the downtrend line was the first signal that the downtrend had ended.
«If you were to draw a line along the peaks at or near the highs since 2011, we've flirted with this downtrend line three or four different times,» he added.
Looking at the GDX, Worth said that at the very least we could potentially see a move to the downtrend line on the chart which comes in around $ 17.
«Any type of [continued] strength will do one thing: it will start to move us above this downtrend line that's been in effect for three years.»
Worth noted that the downtrend line also corresponds with gold's 50 percent retracement level dating back to 1975.
The close at 16,497 is above the value of the downtrend line and is the first signal that the downtrend has ended.
The four downtrend lines have a common starting point from the high of October 2012.
This pattern usually contains between four and five downtrend lines, and has been a dominant feature on the gold chart since 2013 so can not be ignored.
After moving above resistance of a downtrend line that was in place for more than a year, $ KOL developed a tight base off the lows that has been in place for the past six months.
Either way, $ RP may present an ideal buy entry on a breakout above the high of the short - term downtrend line (not shown) that has started forming off the August high.
The buy entry in our newsletter and managed accounts finally came on September 5, when we bought $ BITA at $ 14.48 (just above the short - term downtrend line that had developed):
Like the test of the downtrend line on the monthly chart above, we see the same below, with last week's test of the downtrend line and the 40 - week MA.
We set a buy stop above resistance of the short - term downtrend line that formed during the pullback, enabling us to buy $ MZOR at $ 45.11 on the second buy entry.
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