Rising Bottoms
Rising Bottom is a technical analysis term that refers to chart representing daily prices rising over time. Every low price is followed by successive upward and than downward movement, where every next low price is higher than the last low price, which creates ascending of bottom prices on the chart.
By looking at the chart with the beginning of rising bottoms period, investor should spot the beginning of the support trend and longer positive price movement.
Rising bottom is also called "ascending bottoms."
| Related Terms: Ascending Triangle |