The Ascending Triangle is a chart pattern used by analysts. You know those heart beat monitor lines you see on commercials for heart attack meds sometimes, where the line jumps up with every beat? This chart does that with stock prices. When a bull market pushes a stock price up at least four times followed by decreases, the chart shows lines moving up and down, like a triangle. The name comes simply from the what the chart measures, and what it looks like. Simple enough, right?
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Finance: What is Breakaway Gap?7 Views
Finance a la shmoop.. what is breakaway gap? well Letterman has one yeah that but [David Letterman's front teeth appear]
here we're talking about a trading pattern like on a stock chart like this
thing where the breakaway gap is a sudden change in trading pattern like
you're walking along just fine and easily recognized in comfy double bottom
pattern like this but then blam the company reports an awesome quarter in [Stock chart dramatically rises]
the stock zooms upward outside of the pattern it goes from here to here and
well now what like there's no pattern yet so what do we do well depending on
your lean prayer might help is the stock heading down now to normalize or up more
because now everyone thinks it's the next Google and wants to own it for the
long run so breakaways go up like this and
sometimes they go down like this but either way they break away from a [Arrow points to stock charts breakaway gap]
pattern and yeah, clearly this was not the next Google! oh well
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