Charts 101: Applying the Techniques

European stocks hit new 1-year highs Wednesday. Sandy Jadeja from ODL Securities said that by looking at an index's higher highs and lower lows will indicate a trading trend. "The FTSE keeps taking out new highs and then creates a higher low, so momentum is still very, very strong," he said, adding that the trend is intact for the index to go higher to 5,445.

CNBC | October 14, 2009

Tags:. .ftse. .intact. .momentum. .sandy