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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"Etisalat is trading just over the ascending channel support, may attract renewed buying and recover towards the previous highs of Dh17.40/18.00 in the short term," Prakash said.
"Despite the volatile price action since February, the bourse is within its major ascending channel. One should note that major downdrafts are largely driven by major recession, which is contrary to what's shaping the global landscape today," said 2TradeAsia.com.
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.
The currency pair is now at 1.3284; in the last more than two weeks the pair has been trading within the moderately ascending channel, with its ends now within 1.3210Co1.3360.
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.
Sberbank equities reached the upper end of the ascending channel, where met resistance.
Rosneft's stocks declined within the ascending channel.
Rosneft's stocks are moving down within the ascending channel.
Rosneft's stocks are mobbing within the ascending channel.
Although the pair left the ascending channel, the quotes are stable.
The MICEX index is standing at the low end of the moderately ascending channel.