Sentences with phrase «weekly downtrend line»

Nevertheless, we were able to find one ETF that has been consolidating in a tight range over the past few months, after breaking above a weekly downtrend line.

For starters, $ PALL broke above its weekly downtrend line on higher volume last week (on November 6).

Not exact matches

This is one of several reasons our market timing system shifted from «buy» to «neutral» mode on December 13, after several major indices formed «shooting stars» on their weekly charts while running into the downtrend lines from their September 2012 highs.

The weekly chart below shows the long - term uptrend in TMF, while the daily chart that follows shows the potential breakout above the intermediate - term downtrend line.

As a follow - up to that analysis, the longer - term weekly chart below shows the breakout above a year - long downtrend line, along with a -LSB-...]

The «cup» was formed after the low of the pullback that tested the downtrend line on the weekly chart above, and the «handle» has been forming the right side of the chart pattern just below the prior highs from September of 2012:

As a follow - up to that analysis, the longer - term weekly chart below shows the breakout above a year - long downtrend line, along with a coinciding pickup in volume:

Therefore, the prior downtrend line shown on the weekly chart below should provide substantial support for EEM:

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

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.