Sentences with phrase «uptrend support»

POWR / BTC is holding the uptrend support despite the BTC bull run from the past two days with the upcoming XBT futures.

Next, note currently the S&P 500 is at its uptrend support level.

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

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...

Uptrend support being broken is a bearish sign, but the rectangle pattern looks like a bull flag.

The post Bitcoin Cash Price Weekly Analysis — BCH / USD Holding Uptrend Support appeared first on bitcoinmining.shop.

«Here's a stock that has corrected right back to the uptrend support line off of the late 2012 lows... [this] has been a good indication to us that perhaps momentum to the downside is fading and this is where we want to be buying the stock so we would be a buyer of Merck at these levels,» Johnson said Thursday on CNBC's «Trading Nation.»

«But the big break didn't happen on the 50 day, the big break happened below your 200 - day moving average in your uptrend support line.»

You saw a stock that consolidated sideways, broke its 50 - day moving average, found support for a while right around the uptrend support line,» he said.

Not exact matches

At this time the index tested the long term uptrend line as a support level.

«If it were to go further, then the next support would be close to the uptrend, around the 2016 uptrend around $ 53,» said Yamada, who runs Louise Yamada Technical Research Advisors.

between October 2011 October and August 2015 the uptrend line acted as a support level.

Between 2011 October and 2015 August the uptrend line acted as a support level.

The stock remounted broken support after the presidential election, beginning an uptrend that has reached a 6 - year high at $ 5.18.

The price action has built a basing pattern that could support an uptrend above $ 8.00.

By comparison, the daily chart of the iShares Russell 2000 Index ETF ($ IWM) shows the recent weakness that has led to a breakdown below three different levels of technical price support: the low of the multi-week trading range (around $ 93), the 20 - day exponential moving average (beige line), AND the dominant uptrend line (which began with the November 2012 low):

Key support levels ahead for the latter index are 1,905, a 3 percent drop from Friday's close, and then 1,820, a violation of which «would alter the longer - term uptrend of the broader market.»

The strength of biotechs signals the start of secular uptrends that should support rallies at all capitalization levels in the next few months.

Should $ TAN fail to punch through the $ 26 level and pull back in (for a week or two), there is solid support from the uptrend line and the 20 - day EMA around $ 23.

Upon doing so, we see there remains a clear uptrend line, with multiple anchor points along the way, that should also provide support around $ 90 (or slightly higher).

Although it is bearish that SPY now has a plethora of overhead supply and technical resistance levels to contend with, one potential ray of sunshine in the storm clouds is that SPY is coming into major support of a year - long uptrend line.

For the sake of brevity, we will skip analysis of the Dow Jones SPDR ETF ($ DIA) because both its daily and weekly chart patterns are quite similar to SPY above (broke down firmly below its 50 - day moving average yesterday, and is also coming into support of its year - long uptrend line).

Most have also sliced through support of their prior lows, meaning an intermediate - term uptrend is no longer in place.

That uptrend is important because it shows the stock has already built up a track record of price growth, and has gained support from big institutional investors.

Since selling off to «undercut» support of its 50 - day moving average two weeks ago, the inversely correlated ProShares UltraShort Euro ($ EUO) has been trading in a tightening, sideways range, holding above support of its primary uptrend line and 50 - day moving average.

Several weeks ago, the spot gold commodity broke down below major support of a multi-year uptrend line.

Traders can watch the 66.55 — 64.25 support range this week for price action buy signals to get long, in - line with the uptrend.

Specifically, the main stock market indexes are not only at key support of major moving averages, but also testing support of important uptrend lines.

Last month, $ EEM convincingly broke down below support of a long - term uptrend line, and is now bouncing into new resistance of that prior support line (which is also converging with resistance of its declining 50 - day moving average).

Although $ XOP pulled back after bumping into resistance of its 2008 high, the ETF firmly remains in an uptrend, above support of its rising 10 - month moving average.

The price bounces from the support zone formed by SMA100, 10000.00 support level and the uptrend line.

he price is at a strong support zone formed by the uptrend line from the daily time frame and 2000.00 support level.

The double bullish divergence tells us that probably the market will bounce from the support and start a new uptrend.

Market experts expect that Litecoin will continue this slow uptrend over the week - crossing $ 150 and forming a strong support there, then proceeding to target the $ 175 levels.

Litecoin hit a low of $ 100.20 on Feb. 2 around support of an uptrend line, prior resistance and just below the 78.6 % Fibonacci retracement of an intermediate - term upswing.

If the 5 - year uptrend line is broken, the next major support level would be found around $ 70, which is the last big base of price consolidation.

Ethereum's price is expected to continue surging in this positive uptrend - and is soon expected to cross the $ 520 line of resistance - which would become a new line of support for the currency.

Yet the long - term primary uptrend line that currently sits at 2,570, as of last Friday, continues to be a rising mark of technical support.

Fortunately, the underlying economic fundamentals have provided the necessary impetus for institutional fund managers to step in on each pullback and support the integrity of the primary uptrend.

We can see a price reversal from the support zone formed by the uptrend line and 52.00 support level...

Since it exhibited relative weakness to the S&P 500 throughout much of 2015, the Russell 2000 is already trading much closer to pivotal support of its long - term uptrend line on the monthly chart.

A June test held support, ahead of an uptrend that completed a high volume base breakout which saw the stock rally to an 8 - month high at $ 3.75 by the month's end.

As annotated on the chart above, $ UNG is holding support of a steep uptrend line (black dotted line), while the 10 - week MA (teal line) is beginning to pull away from the 40 - week MA (orange line) after the bullish crossover a few weeks ago.

This is positive because, depending on how the action plays out, the long - term uptrend line (purple line) may provide support on a test.

The iShares FTSE / Xinhua China 25 Index ($ FXI) failed to hold support of its uptrending 50 - day MA this week, and is now breaking down below a recent swing low:

This was an area that held support previously, and of course was just below the major uptrend line.

Additionally, if most of my existing stock and ETF positions began to melt through obvious support levels, it would provide further confirmation that stocks are headed for a substantial correction (which is not to be confused with the end of a long - term uptrend).

As annotated on the chart below, support of the uptrend line coincides with this key moving average.

Pullback entries develop when an ETF or stock gently retraces from the most recent «swing high» of its uptrend and finds technical support at an area of horizontal price support and / or a key moving average.

A pullback into the uptrend line could provide a buying opportunity in XHB, but a better alternative would be for XHB to hold support and form a reversal candle at the 20 - day EMA: