Technical Analysis
Previous 
Phase 2
Building the chart further we see that these conclusions are borne out by price action as the stock moves below the previous support point of 304. A new support level does in fact arise close to 240, as predicted, and the trend resumes upward.
By early identification of the double top reversal, we can simultaneously make a sell order at 368 and trigger a buy order at just above 240.
The information contained in this case study is believed to be correct but cannot be guaranteed. Investors should be aware that the value of investments and the income derived from them can fall as well as rise, and past performance is not necessarily a guide to future performance. The information contained in this case study does not constitute a personal recommendation to deal in any particular shares. You should consult a personal advisor to discuss the suitability to your personal circumstances and investment objectives.