What Does Channel Mean?
A price channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. Channels may be horizontal, ascending or descending. When prices pass through and stay through a trendline representing support or resistance, the trend is said to be broken and there is a “breakout.” Alternatively, it is the technical range between support and resistance levels that a stock price has traded in for a specific period of time.

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September 14th, 2011
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