Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

Head and shoulders neckline

Reply
StanleyB
Contributor
After getting AGL TA update from STd yesterday, I am a bit puzzled re location of H&S neckline. The AGL TA update shows neckline at 26300 but I get neckline at 25275 on weekly chart with almost flat neckline from 25250 on left shoulder to head transition on 12 Jan 09 & 25300 on head to right shoulder transition on 8 June 09. The Std TA seems to use points far away from their identified head to shoulder transitions to draw the neckline - surely this invalidates the H&S pattern and makes the predicted measured move invalid. As a TA novice I would appreciate some expert comment
0 Kudos