A straight line drawn to show which way price is going
A trend line connects successive lows, or successive highs. A rising line under the lows reads as an uptrend; a falling line over the highs reads as a downtrend. Which points you choose to connect is a judgment, so two people looking at the same chart can reach different conclusions.
Connect a low of $900 three months ago to a low of $1,000 last month and the rising line says the uptrend is intact.
For learning, not investment advice. Decisions are your own.
StockFit · TrueNorthLabs Inc.