Sentences with phrase «key uptrend line»
Not exact matches
Specifically, the main stock market indexes are not only at key support of major moving averages, but also testing support of important uptrend lines.
http://www.morpheustrading.com/
WTI Crude oil, meanwhile, has slipped down to near key make - or - break territory after Thursday's bearish DOE stats, and will need to rally quickly to avoid undercutting this six - month uptrend line which has been in place since January.
As annotated on the chart below, support of the uptrend line coincides with this key 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.
The pair has not only made a bonafide breakdown of the steep uptrend support line that has been in place for much of the year, it has also just made a tentative breakdown below key support in the 1.4800 price region, establ...
Again, we had an up TREND / bullish market bias, a clear key LEVEL and then a clear pin bar buy SIGNAL formed in - line with the uptrend and the level.