Parallel probable price range centered around a price line.
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In up trends, every time price drops to the up trend line and then resume their advance, the trend line has acted as support to the price up trend.
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Prices seemed to follow a random walk as he observed them.
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If you are following a particular stock and it is trading at $10 then that is a fair value of that stock.
The loan in the margined account is collateralized by the security.
We are starting to get into some technical expressions here but just bear with me, as we will explain all these terms as we progress.