Last week's bearish price action caused the main stock market indexes to plunge through major levels of technical price support,
including key moving averages and prior «swing lows.»
Not exact matches
Netflix's daily chart details the drop back down to the
key retracement levels, which
included a
move through a rising trend line drawn off the April and June lows, reinforced by the rising 50 day
moving average.
Other negative signs
include stocks making new highs on low volume, a stock repeatedly reversing off highs and / or closing near intraday lows, or when a stock begins breaking logical areas of support like
key moving averages and uptrend lines.