SSS - Drawing the GMCR Neckline
The weekly chart of GMCR, shown below, illustrates how we derive the neckline on this H&S pattern. The daily chart is a bit too erratic along the lows to derive a clean neckline, but we think the fact that this neckline on the weekly chart coincides with the 200-dma makes it the more likely candidate as the proper neckline position.
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