Sentences with phrase «support trendline»
A support trendline is a line drawn on a chart that shows the upward movement or support of a stock or asset's price over time. It represents the lowest level that a stock's price tends to reach before bouncing back up. Full definition
However, the takeaway is that when you combine the high buy volume with the fact that price had pulled back to a well - defined support trendline, below, at a minimum there is no doubt we have a clear level against which to trade.
ibankcoin.com
There is an underlying supporting trendline seen to be tracking around $ 7,500, which could be a next potential downside target.
Until a significant downside breach of this support trendline occurs, this currency pair is still very much in uptrending mode.
We recently had a small bounce right out of the fractal support zone and support trendline.
Lastly, the RSI is showing a support trendline with multiple touches.
The 50 - simple moving average is acting as a support trendline on the 15 minutes chart at $ 8,485.