Glossary entry (derived from question below)
English term or phrase:
pushes up through
English answer:
the price crosses the \"neckline\" in an upward movement
Added to glossary by
Salvador Scofano and Gry Midttun
Apr 5, 2013 06:41
11 yrs ago
English term
Norway
Salvador Scofano and Gry Midttun
Engineer:Oil&Gas/Electron/Finan/Law/HSEQ
Native in: Norwegian 
, Portuguese
Works in: English to Portuguese, Norwegian to Portuguese, Portuguese to Norwegian, and 19 more.
pushes up through
English
Bus/Financial
Investment / Securities
analysis of stock charts (also called Technical Analysis)
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...
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...
Responses
+1
58 mins
Selected
the price crosses the "neckline" in an upward movement
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
http://www.investopedia.com/university/charts/charts2.asp
4 KudoZ points awarded for this answer.
Comment: "Thanks"
Something went wrong...