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 ?
When it became maddeningly unendurable, he sprang, only to be jerked back by the ten strong men who held the rope to his neck.
The rope about Ben Bolt's neck was passed up through the bars and rove through the block-and-tackle.
Raja struggled to be after him, but I held tightly to his neck, an act which he did not seem to relish, for he turned on me with bared fangs.
Inside I could see the heads of women and children peering over the top of the wall; and also, farther back, the long necks of lidi, topped by their tiny heads.
And then, after a few make-believe attempts, Bob actually did whirl and caught Daylight napping again and landed him in the old position with clasped arms around the neck.
He felt out the wounds of his neck and face, while his eyes embraced the fact that the white master was in possession of his rifle.
Akut thought of the creaking sound he had heard just before Molak's thick neck had snapped, and he shuddered.
Scarcely had he touched the sleek hide of the deer with a momentum that sent the animal to its knees than he had grasped a horn in either hand, and with a single quick wrench twisted the animal's neck completely round, until he felt the vertebrae snap beneath his grip.
The cord was placed round the Jew's neck, and his feet had already ceased to touch the ground when the voice of the tailor was heard beseeching the executioner to pause one moment and to listen to what he had to say.
This remonstrance was made as the batteau arrived close to the place where the deer was struggling with the water, his back now rising to the surface, now sinking beneath it, as the waves curled from his neck, the animal still sustaining itself nobly against the odds,
Master noticed the change, too, and one day when he got out of the carriage and came to speak to us, as he often did, he stroked her beautiful neck.
She leaned against Dolly's neck while he tightened the girths.