Sentences with phrase «resistance of a downtrend»

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.

In the case of $ SMH, we see that the ETF has just broken out above resistance of a downtrend that has been in place since 2004!

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:

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

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

For example, now that the broad market is in a confirmed downtrend (at least two «lower highs» and «lower lows» have been set), we are NOT interested in going long (buying) counter-trend bounces into resistance of downtrending stocks.

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

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.

Not exact matches

The stock bounced to $ 8.05 in 2010 and tested that resistance level in 2013, bringing a reversal and downtrend that posted the second higher low of the 10 - year period in January 2016.

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.

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.

Resistance around the high is identified by multiple Fibonacci resistance levels including the 38.2 % retracement of the long - term Resistance around the high is identified by multiple Fibonacci resistance levels including the 38.2 % retracement of the long - term resistance levels including the 38.2 % retracement of the long - term downtrend.

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:

The confluence between the 8 / 21 dynamic EMA resistance layer, the horizontal resistance at 1.3200 and the downtrend, gave a lot of «weight» to the pin bar signal.

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.

We can see an example of this in the chart below with the fakey trading strategy protruding up past the resistance level in the downtrend.

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.

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

Although the S&P 500 is easily within striking distance of breaking out to a fresh 52 - week high any day now, the NASDAQ Composite remains below pivotal resistance of its 50 - day moving average and stuck in a 2 - month downtrend.

The coin still faces strong overhead resistance, even after breaking out of both the short - and long - term downtrends, but the long - term prospects of ETC are much better now.

The 5 day EMA has been the end of day resistance for all of 2016 as $ SPY has been in a strong short term downtrend.

We can see an example of this in the chart below with the fakey trading strategy protruding up past the resistance level in the downtrend.

The confluence between the 8 / 21 dynamic EMA resistance layer, the horizontal resistance at 1.3200 and the downtrend, gave a lot of «weight» to the pin bar signal.

As long as 1.4457 resistance holds, the price action from 1.4218 is treated as consolidation of downtrend from 1.5144 and one more fall towards 1.4100 is still possible after consolidation.

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

As long as the channel resistance holds, the price action from 1.0132 is treated as consolidation of downtrend and one more fall below 1.0132 is still poss...

Another rise to test the upper border of the rising price channel on 4 - hour chart is possible later today, as long as the channel resistance holds, downtrend is expected to resume and one more fall towards 1.0206 previous low could be seen.

Rise towards the upper border of the falling price channel is expected later today, and a clear break above the channel resistance will indicate that the downtrend from 1.0507 has completed, then another rise to 1.0800 could be seen.

Price has also just reached strong resistance in the 92.00 support / resistance region, and additionally, is approaching the approximate upper resistance border of the rough parallel downtrend channel.

The current leg of this new downtrend extends from the January 13th high, and has formed a valid bearish resistance trendline.

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.