Ascending Channel

Ascending Channel

In technical analysis, a channel that trends upward. A price channel is the range between the support and resistance levels on a chart. In other words, an ascending channel is marked by higher highs and higher lows; this is a bullish signal that is likely to continue until the lows drop below the higher lows previously documented. See also: Descending Channel.
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References in periodicals archive ?
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.