Uptrend Line

Uptrend Line

In technical analysis, a line on a chart indicating a consistent upward movement in price or some other variable. For example, if inflation is increasing over time, this may be expressed as an uptrend line on a chart.
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It is imperative to stay above the mentioned level over the medium and the long term in order to maintain the uptrend line.
A break would point back up to that peak; the slope of the uptrend line from the December low suggests it would be hit by the end of this year.
Meanwhile, an uptrend line is crossing with the short-term moving average, which is considered a critical point to decide on the next move direction, but an increase in volume could lift the index above this barrier.
6 per cent to 2,632 points, once again leaving it on top of support on an uptrend line from early July;
It tested and held support on an uptrend line dating back to early July.
Beyond any potential jitters this week though, technical charts pointed to more gains for the FTSE 100, pushing the index back above the four-month uptrend line.
Technically, the MICEX index is set to adjust to break down the important support level at 1,450 points, which will lead us to a medium-term uptrend line around 1440 points, which already have to break his head over further promising movement.
com/How/GoldPrice) Gold Price [should then] retest the 2011 uptrend line at $1503.
Overall, the DFMGI remains in an uptrend begun in February 2009 as it is above its uptrend line.
Technically, yesterday was the second day of testing a level below the lower Bollinger Bands and where the close came below the uptrend line.
Rolling 12-month spending averages remain positive (despite the uptrend line being broken this quarter), and year-over year, from 3Q10 to 3Q11, the overall optical network equipment market is up 5%
The drop is closely approaching the long-term uptrend line, and this support line should not be violated.