Sentences with phrase «to confirm an uptrend»
"To confirm an uptrend" means to verify or validate that a particular trend in the stock market or any other trading market is moving upwards or rising. Full definition
Market in confirmed uptrend following a shift toward institutional buying (accumulation) and many leading stocks breaking out of chart patterns.
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Lastly, there is confirmation, in the lower section of the chart, by virtue of the climb since the divergence indicator became positive, confirming the uptrend on 3rd October, the day Bitcoin prices started the climb.
Additionally, per Bill McBride a / k / a Calculated Risk, there is a strong leading relationship between housing starts and the unemployment rate, so a confirmed uptrend should mean a reduction in the unemployment rate.
Whereas the Breakout and Pullback setups are only bought when the S&P 500 and / or NASDAQ is already in a steady uptrend, it is not necessary for the major indices to already be in a confirmed uptrend when buying a Trend Reversal.
If, for example, the stock market is in a confirmed uptrend, and then has a normal, lower volume correction off its highs, leading stocks and ETFs with the most relative strength will generally remain in a holding pattern or possibly continue higher despite weakness in the broad market.
This signal occurs when the 50 - day moving average crosses above the 200 - day moving average, confirming an uptrend.
Although the market has been weakening as of late, we are still in a confirmed uptrend.
In my last U.S. stock market update in April, I showed that the major indices were still in a confirmed uptrend despite the volatility experienced in the first quarter of...
Go for stocks that have good liquidity, are in a confirmed uptrend and are profit - making companies with cash flow.
Draw an upward sloping trendline to confirm the uptrend.