TrendLine ^Companies

A trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. It is a visual representation of support and resistance in any time frame. Trendlines show direction and speed of price, and also describe patterns during periods of price contraction. In the context of trading, trendlines are drawn on price charts to show the trend in the price. Traders use this information to determine whether to buy or sell in the direction of the trend.