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.
References in periodicals archive ?
Based on indicators, Papa Securities said the index might move sideways after falling below its long-term uptrend line.
At the same time, a drop below the recent swing low would be bearish in that it would signal a breakdown of a large symmetrical triangle consolidation pattern, and consequently a break below an uptrend line.
If we drop to that price it would mean that we have hit the uptrend line segment, extended forward in time, that ended when the very steep price channel began at the start of this year.
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.
The uptrend line was breached to the downside briefly but the index closed above it by the end of the week.
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.