IBD Virtual Meetup Trend Lines
IBD Virtual Meetup Trend Lines
IBD Virtual Meetup Trend Lines
20
DMA
200
Avg 50
DMA
Vol DMA
Weekly Chart - COH
20
DMA
Avg 50
Vol DMA
Trendlines 101
Lowest low
preceding
highest high
w/out passing
through prices
Lowest
low
Poor Trendline
Passing
through
prices
WRONG!
Upward Trendline in RIO
Lowest low
preceding
highest high
Lowest
w/out passing
low through prices
Downtrend Trendline
1. A trendline is broken
• The prices cross a trendline drawn on the chart
2. The trendline stops making higher highs in an
uptrend (lower lows in downtrend).
• e.g., In an uptrend after a minor sell-off, prices will
rise again but fail to carry through above preceding
high or barely break the high and fail (also called a
“test” of the high)
3. Prices go above a previous short-term minor
rally high in a downtrend, or below a previous
short-term minor sell-off in an uptrend.
Downtrend Reversal
1 3
2
Uptrend Reversal
2 3
Inv
- 16 est
Don’t Rely Solely on Technicals
Ja n or’
200
7E sB
diti
on usi
nes
sD
aily
Summary
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