pushes up through

English translation: the price crosses the \"neckline\" in an upward movement

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:pushes up through
Selected answer:the price crosses the \"neckline\" in an upward movement
Entered by: Salvador Scofano and Gry Midttun

06:41 Apr 5, 2013
English language (monolingual) [PRO]
Bus/Financial - Investment / Securities / analysis of stock charts (also called Technical Analysis)
English term or phrase: pushes up through
Context:
The author describes a graphic. I wonder what the term "pushes up through" means here. Text is pasted below. Link is also pasted.

a) Does it simply mean that it crosses the neckline?
or
b) Does it mean that it crosses the neckline in an upward movement (push up)?
or
c) Does it mean something else?

Thanks in advance.

Here is an excerpt.

Finally, an advance on which activity (volume) increases notably, which pushes up through the neckline and closes above it by an amount approximately equivalent to 3% of the price, with a conspicuous burst of activity attending this penetration. This is the "confirmation" or "breakout."
Read more: http://www.nasdaq.com/article/analysts-jumping-the-gun-cm371...
Salvador Scofano and Gry Midttun
Norway
Local time: 02:24
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
Selected response from:

Charles Davis
Spain
Local time: 02:24
Grading comment
Thanks
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +1the price crosses the "neckline" in an upward movement
Charles Davis


  

Answers


58 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
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

Charles Davis
Spain
Local time: 02:24
Native speaker of: English
PRO pts in category: 12
Grading comment
Thanks

Peer comments on this answer (and responses from the answerer)
agree  airmailrpl: the price rises, breaking through the neckline going up
1 hr
  -> Many thanks, airmailrpl :)
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.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search