Instruction to a broker to immediately sell or buy at the best available bid or offer.
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The penetration or cross over of a moving average (and therefore of a smoothed line of support or resistance) by price is frequently the signal of a trend reversal.
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Always use a stop loss when trading; it can be too easy for a $300 loss to become a $5000 loss.
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The most important thing, however you approach the decision, is to know where you will cut a losing position before entering the trade.
This new buying takes prices up and away from the trend line and the further it moves up the more impressed the uncommitted become and more buyers come into the market.
The historical trend of a security will tend to repeat.