Neckline

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Related to neck: nick, Stiff neck, NECN

Neckline

The market level equal to a line connecting the two interim declines in a head and shoulders pattern.

Neckline

In technical analysis, a line, sometimes with zero-slope and sometimes with slight slope, representing a buy point on a head and shoulders pattern. In a chart showing a head and shoulders pattern, the "head" and "shoulders" fall toward a certain near-horizontal line before rising again; this is the neckline. When technical analysts see a security falling toward the neckline, they view this as a buy signal because historical patterns have shown that the security's price will rise soon thereafter. However, if the security falls significantly below the neckline, technical analysts see this as a reversal of a previous trend.

neckline

The line that connects the two lowest points on the intermediate declines of a head-and-shoulders chart pattern. In an inverted head-and-shoulders formation, the neckline connects the two intermediate tops. If the second shoulder breaks through the neckline, it is an indication of a major price movement in the direction of the breakout.
References in classic literature ?
After first passing a cambric handkerchief, with some white powder on it, over the part of her neck on which he designed to operate, he placed two layers of color on the moles with the tip of the brush.
Alice crouched down among the trees as well as she could, for her neck kept getting entangled among the branches, and every now and then she had to stop and untwist it.
The executioner speedily untied the knots which confined the doctor, and was passing the cord round the neck of the tailor, when the Sultan of Kashgar, who had missed his jester, happened to make inquiry of his officers as to what had become of him.
The meat is none of mine to sell,” said Leather-Stocking, adopting a little of his companion’s hauteur; “for my part, I have known animals travel days with shots in the neck, and I’m none of them who’ll rob a man of his rightful dues.
Peyton Fahrquhar was dead; his body, with a broken neck, swung gently from side to side beneath the timbers of the Owl Creek bridge.
Phoebus again profited by the opportunity to impress upon her beautiful bent neck a kiss which made the young girl straighten herself up as scarlet as a poppy.
He pulled out the cross without taking it off his neck.
Natasha involuntarily gazed at that neck, those shoulders, and pearls and coiffure, and admired the beauty of the shoulders and the pearls.
I grabbed him by the scruff of the neck, and though he weighed as much as a Shetland pony, I managed to drag him to shore and well up upon the beach.
There he stood hurling insults at Numa until the beast was again goaded into leaping upward at him, and as Numa rose the noose dropped quickly over his head and about his neck.
The little audience of fierce anthropoids heard the creaking of their king's neck mingling with his agonized shrieks and hideous roaring.
Her foulard gown was as simple as genius could make it, and she wore no ornaments, save a fine clasp to her waistband of dull gold, quaintly fashioned, and the fine gold chain around her neck, from which hung her racing-glasses.