In Neck Pattern

Categories: Charts

It's a chart. Looks like two candlesticks. Shoved up your neck. Jimmy Walnuts used to hold this one out for when the really bad bad guys wouldn't Talk.

Day traders look at these patterns like witches divining the future from squirrel entrails. If it works for you, then...um, great.

See: Candlestick Pattern.

Related or Semi-related Video

Finance: What are Triple Bottom and Trip...2 Views

00:00

Finance allah shmoop what are triple bottom and triple tops

00:07

All right well this is a triple top It wants

00:10

to break out The stock was trading down here around

00:12

five bucks a share in and glam o it went

00:14

up And yes blam o is the name of the

00:16

company's new anti constipation drug a huge hit So it

00:20

went up up up to hear it Fifteen bucks tripled

00:22

in value in just a few months but then sober

00:24

reality began to hit the investing community There simply wasn't

00:28

enough constipation to go around So the stock began to

00:31

flag and traded down teo here this level at twelve

00:34

bucks But then glam o again released big news a

00:37

partnership with manish of its grandma tsa and the american

00:41

cheese manufacturing association So the stock raced again to fifteen

00:45

But no there just wasn't enough enthusiasm from buyers pay

00:48

more than fifteen bucks a share for it So you

00:50

know that's all despite this newly created a kind of

00:53

market So the stock sank back to twelve only to

00:56

then have investment interest from procter and gamble owners of

00:59

sharman who bought five percent of the company at thirteen

01:02

fifty ish year and left a lot of investors thinking

01:04

surveyed by the whole company complete with its product line

01:07

of anti constipation drinks Waymo glam Oh thankyou memo But

01:11

alas the investment community would not pay up past fifteen

01:14

to share and the stock flagged again sinking back to

01:17

twelve having created a triple top and needing something to

01:20

make things really start you know going So yeah that's

01:23

a triple top What about a triple bottom Well a

01:25

triple bottom and basically just the same thing in reverse

01:27

like this keeps hitting a low point looking like it's

01:30

going tio bottom out further But then it recovers on

01:33

the subject of bottoming out well glam o is now

01:36

available in new chewable gummy form Yeah glam o so

01:40

you never have to worry when your bottoms out

Find other enlightening terms in Shmoop Finance Genius Bar(f)