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Technical event...

posted on May 22, 2009 05:58AM
A Head and Shoulders Bottom is considered a bullish signal. It indicates a possible reversal of the current downtrend into a new uptrend. A perfect example of the Head and Shoulders Bottom has three sharp low points, the middle one being lowest, created by three successive reactions in the price of the financial instrument. The Technical Event® occurs when the resistance marked by the "neckline" is broken, thereby confirming the pattern. More...
Event Date: May 21, 2009
Opportunity Type: Long-Term Bullish
Close Price: $3.32
Target Price Range: $5.70 - $6.30
Price Period: Daily
Volume: 144,744
Pattern Duration: 209 days
Inbound Trend Duration: 405 days
1mth | 3mth | 6mth | 1yr | 2yr | 5yr | More Chart Options
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