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Every trend line provides a level of support or resistance. Generally speaking, the longer the trend line, the stronger the level of support or resistance it provides. In an up-trend, the trend line (drawn along the bottom of price lows) acts as the level of support, this mainly prevents price from falling under that level.
Who really are the best independent companies out there?
In recent years investment research has been produced by banks and investment houses which have conflicting interests between clients as investors and clients as investment targets. This creates problems for large institutional investors. They need independence and more focused investment research. The author argues that buying in independent research will increasingly be the solution to these problems.