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Uptrend |
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UptrendAn uptrend line or rising trend is defined by successively higher prices for a share. There will be dips in the price throughout the uptrend, but each time the price drops, due to a small correction such as profit taking, the 'bottom' will be higher than the previous bottom. So on a chart of price against time you can draw a line connecting the successive bottoms. See the attached chart for an example. |
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