Don't Ignore This Chart

Children’s Place Tests Neckline Support

Children’s Place formed a head-and-shoulders reversal pattern from late May to August and is currently testing neckline support. Notice that downside volume is outpacing upside volume and On Balance Volume (OBV) broke its June low this month.

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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