Trendline (Technical Analysis)
A trend line is a bounding line for the price movement of a security. A support trend line is formed when an (in short the line which shows trend or direction of movement).
securities price decreases and then rebounds at a pivot point that aligns with at least two previous support pivot
points. Similarly, a resistance trend line is formed when a securities price increases and then rebounds at a pivot
point that aligns with at least two previous resistance pivot points. The following chart provides an example of
support and resistance trend lines
Breakout (technical analysis):
A breakout is when prices pass through and stay through an area of support or resistance. On the technical analysis
chart, a break out occurs when the price of a stock or commodity exits an area pattern.