Sentences with phrase «uptrend support line»

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...

«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.

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

Not exact matches

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

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.

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):

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).

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).

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.

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.

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.

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.

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

As annotated on the chart below, support of the uptrend line coincides with this 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:

Depending on how long such a pullback would take to play out, the rising 40 - week moving average (orange line) may also end up converging with support of the weekly uptrend line.

If XHB does not reverse off of this support level, it will likely find support at its uptrend line.

Notice how support of last week's low in $ QQQ neatly converges with both the 50 - day moving average (teal line) AND the intermediate - term uptrend line from the November 2012 low (red line).

But instead, The Yellow Metal is now testing critical horizontal price support around the $ 1540 to $ 1580 level, after recently breaking down below support of a multi-year uptrend line (see chart below).

The price bounces from the support zone formed by SMA20, the uptrend line and 0.016000 level.

The more conservative route is to wait for a retrace back to support and then look for a price action trading strategy to get long from that support and trade in - line with the dominant uptrend in this market.

Now, after about 4 days went by, a very obvious fakey / pin bar combo setup formed showing rejection of the 8 day EMA support level and implying that price might continue pushing higher in - line with the uptrend.

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.

Ascending triangles represent market supply and demand forces of a stock that is building support through the uptrend and encountering resistance at the horizontal line.

The trading chart above shows that Tesla has been in a consistent uptrend marked by rising support and resistant trend lines — for example, the stock is trending because of a catalyst such as a product launch or changes in management — in the last three weeks.