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Making a Line
In technical analysis, a situation in which the price of a security moves up and down slightly but generally maintains equilibrium. This makes a chart of the security's price look roughly like a straight line. If the price breaks away from the line and goes downward, this is a bearish indicator. On the other hand, if the price breaks upward, this is a bullish indicator.
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making a line
In technical analysis, movement of a stock price in such a way that it traces a relatively thick line across a graph. The thickness of the line is determined by the size of the upward and downward price movements. A breakout from the line in an upward direction is bullish and a breakout in a downward direction is bearish.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.