JP Morgan Chase Capital XVI ETF (AMJ) Ascending Channel
JP Morgan Chase Capital XVI ETF (AMJ) , temporality: 3M
An uptrend channel is shown between 02 and18 jul 2018. A trend line is drawn touching the lows of the chart at support levels. Then a paralel lione is projected to the peaks, forming the channel with a positive (ascending) slope. Note that support levels doesn´t go bellow prios minimums as well as resistance levels become higher as the channel ascends. Rupture became bullish; despite there is a gap, you can see a significant rise in price and volume.
An uptrend channel is shown between 02 and18 jul 2018. A trend line is drawn touching the lows of the chart at support levels. Then a paralel lione is projected to the peaks, forming the channel with a positive (ascending) slope. Note that support levels doesn´t go bellow prios minimums as well as resistance levels become higher as the channel ascends. Rupture became bullish; despite there is a gap, you can see a significant rise in price and volume.