Sentences with phrase «downtrend resistance line»

Yesterday, Emerson Electric (EMR)-- which was featured as Dave Van Knapp's Dividend Growth Stock of the Month for March 2015 — burst through its «secondary downtrend resistance line» on solid volume.

Within the context of this downtrend resistance line, price has made several breakdowns of both short - term uptrend support lines and horizontal support...

Not exact matches

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.

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.

While this week's price action was certainly a step in the right direction (so far), both the NASDAQ and Russell 2000 are now in «no man's land» because the indexes are back above resistance of their 20 and 50 - day averages, yet still must contend with resistance of their prior highs and short - term downtrend lines that have formed.

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-...]

Now, it appears as though TMF is setting up to break out above resistance of its 3 - month downtrend line and resume the long - term uptrend that has been in place for nearly 2 years.

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.

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.

Taking an updated look at the long - term monthly chart pattern of DGP, notice that it has also broken out above resistance of its downtrend line that began with to September 2011 high.

Another reason we would first like to see a minor price retracement from current levels before buying is that the long - term monthly chart interval shows us that $ GLD is actually running into resistance of its downtrend line from its September 2011 high:

If the price breaks the resistance zone formed by the downtrend line and the resistance level, it will give us a signal confirming further upward movement...

After $ GDXJ pops back above its 20 - day EMA (above the $ 27.60 area), buyers should step in due to break of key moving average resistance, as well as a break of the downtrend line from the January high.

On the weekly chart, notice that $ USO broke out above resistance of its downtrend line a few weeks ago.

Zooming into the shorter - term daily chart of $ USO, we see that the ETF broke out above resistance of its short - term downtrend line (from the April 2 high) just two days ago and is holding the breakout:

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.

Notice that the formation of the shooting star candlestick also occurred as $ SPY «overcut» resistance of its downtrend line from the September high.

Conversely, even if QQQ happens to bounce today (we must always be prepared for unlikely scenarios), it should find major resistance at its intermediate - term downtrend line (the descending blue line near $ 64.50), as well as the July 19th high of $ 65.31.

Regardless, when the market does see it's next reversal, ETFs that are rallying into resistance of long term downtrend lines and down - sloping 200 - day MAs will generally provide the best shorting opportunities.

In early February, the iShares MSCI Emerging Market Index ETF (EEM) rallied above resistance of its long term downtrend line and 200 - day MA.

Also, the price moved back above resistance of its downtrend line that had formed off the October high.

Nevertheless, SMN is now technically poised for further gains because it broke out above resistance of its five - month downtrend line.

Starting with the weekly chart, you will see that $ EWH is testing resistance of a downtrend line that has been in place since early 2011.

We will have buy opportunity when price breaks the downtrend line, passes through the cloud and moves above 4000.00 resistance level.

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).

Traders can watch the 1 hour and 4 hour charts along with the daily, for price action sell signals on any rotation back up to resistance / value, in order to trade in - line with the downtrend in this market.

The bulls will have to negate the price downtrend, meaning a move above trend - line resistance at $ 48.00, to gain some technical strength to then suggest sideways to higher price action is forthcoming.

Therefore, we were looking for price action sell signals on retraces back to value / resistance in order to trade in - line with the downtrend.

Natural gas broke below the Red and Yellow indicator lines and should be shorted because it is in a downtrend currently My custom support resistance indicator lines show decent places to enter or exit.

Bitcoin Cash has broken the major historical downtrend line convincingly and has come to its first major resistance point, $ 400.

Resistance at the 200 - day MA is now at 1.71 and the downtrend line not far away.

Currently, it is close to the downtrend line, which will probably offer strong resistance.

Bitcoin is likely to face resistance between the $ 3955 and $ 4100 levels, from both the moving averages and the downtrend line.

The current pullback is likely to face resistance between $ 1150 and $ 1325 levels, from the 20 - day EMA and the downtrend line.

The pullback should reach the downtrend line, which should offer strong resistance.

Though aggressive traders can buy the breakout and close above the downtrend line, please keep the allocation size small because it is likely to face resistance at $ 736.

It is now likely to move towards the downtrend line and the 20 - day EMA where it might face strong resistance.

Additionally, the downtrend line has offered resistance twice.