Line studies are technical analysis tools that consist of lines drawn on top of a security's price and/or indicator. These include the support, resistance, and trendline concepts already discussed.

Figure 39 illustrates several line studies. These and numerous additional studies are explained in later chapters.

Figure 39

Trend Lines Stock Screener Action  Above Rising Trendline          Price Crossed Above Rising Trendline          Price Crossed Above Trendline          Price Crossed Above Falling Trendline          Price Touched Rising Trendline          Price Touched Above Trendline          Price Touched Falling Trendline          Price Bounced Up From Rising Trendline          Price Bounced Up From Trendline          Price Bounced Up From Falling Trendline          Price Crossed Below Falling Trendline          Price Crossed Below Trendline          Price Crossed Below Rising Trendline          Price Touched Falling Trendline          Price Touched Below Trendline          Price Touched Rising Trendline          Price Bounced Down From Falling Trendline          Price Below Falling Trendline          Price Bounced Down From Rising Trendline          Below Falling Trendline