This lesson has been prepared by the Hedgehog Staff. If you have questions or comments, please go to our General or Technical Analysis discussion forums where our staff checks in frequently. If you like what we do here, please click on our sponsor's banner. In the last lecture, we looked at trends.
Different technicians have different ways of drawing trend lines.
And there are many ways of using and interpreting trend lines. For now, we just want to draw some. When a stock is going up in price, it will do so for a period of time. If we examine trending stocks, we can look at different time frames and still see trends. The chart below shows an uptrend on a daily chart.