Sberbank equities slipped out from the ascending channel
Taking a trade in the direction of the trend on the Daily chart off of the support line of an ascending channel
is a higher probability entry.
Technically speaking, WM is currently rebounding off the lower range of an ascending channel
bounded by the stock's rising 20-month moving average in the 39 area.
Sberbank equities reached the upper end of the ascending channel
, where met resistance.
Summary: On a two-hour chart the British Pound appears to have been traveling in a clean ascending channel
against the Swiss Franc since 09/10/2008.
Here we can see a steady uptrend that has generally found support at the 20-week moving average and an ascending channel
This updated weekly chart shows us that EBAY pushed in the upper rail of the ascending channel
but failed to penetrate it.
The gap lower has pushed the shares below short-term support near 40, and back to the lower rail of the ascending channel
The action in recent months has seen the stock pull back to test support from the 20-month trendline as well as the lower rail of the ascending channel
Rosneft's stocks declined within the ascending channel
This weekly chart gives us an updated view of the stock's ascending channel
as well as the support and resistance zones.
Rosneft's stocks are moving down within the ascending channel