GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
06:41 Apr 5, 2013 |
English language (monolingual) [PRO] Bus/Financial - Investment / Securities / analysis of stock charts (also called Technical Analysis) | |||||||
---|---|---|---|---|---|---|---|
|
| ||||||
| Selected response from: Charles Davis Spain Local time: 02:24 | ||||||
Grading comment
|
SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
---|---|---|---|---|
4 +1 | the price crosses the "neckline" in an upward movement |
|
the price crosses the "neckline" in an upward movement Explanation: An "inverse head and shoulders" or "head and shoulders bottom" pattern predicts an ultimate rise in the price of a security. The "head" and "shoulders" are peaks and troughs, and the "neckline" is a point of resistance, a level which represents a cap on the price over a period of time. "Breakout" is the stage at the end of the inverse head and shoulders pattern when the price rises, breaking through the neckline. Figure 2 in the following page makes this clear: http://www.investopedia.com/university/charts/charts2.asp |
| |
Grading comment
| ||
Login to enter a peer comment (or grade) |
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.