But Albayalde said there has been a downtrend
since last year.
Last week's high of 1.70 puts National Central Cooling right up against 15-week resistance of 1.72, and the long-term downtrend
The MICEX index overcame the upper end of the downtrend
(red dotted line), now testing it as a support level.
However, the downtrend
is reversing this year, due to more job seekers in Taiwan, higher guaranteed salary and better career training offered by insurers attracting more applicants, said industry insiders.
Export-linked shares such as automakers, which were notably bought in the previous session, were sold on a pause in the yen's downtrend
, with the dollar retreating to the lower 83 yen range from its 11-month high in the lower 84 yen marked on Thursday, they added.
The long green candle engulfing the entire trading range of the previous candle is signaling that the downtrend
might be changing and traders with short positions should be careful.
We expect the downtrend
to level off in the second half of this year, and the overall decrease for 2007 will be in the range of 10%.
It is feared that at least 110% of the traders will be forced to stop operation unless the downtrend
continued until the end of this year.
NORDIC BUSINESS REPORT-25 July 2002-TietoEnator continues to be affected by telecom downtrend
, reports weaker profit for first half of year (C)1994-2002 M2 COMMUNICATIONS LTD http://www.m2.com
Miyazawa was referring to the recent downtrend
in household spending.
Jerry Favors, editor of the Jerry Favors Analysis Newsletter (www.jerry favors.com) and a frequent commentator on CNBC's business and financial news beats, admits that technical analysis takes quite some time to learn, but says "certain techniques can be learned to indicate for an investor whether the stock is going higher or lower." If the price of a stock is likely to decrease, it is said to be on a downtrend
, while a stock whose pattern shows a likely increase in price is said to be on an uptrend.
Increases in prices appeared to be on a gradual downtrend