TNA, as well as the markets, confirmed a head-and-shoulders pattern by closing below the neckline. Target price for the downward movement is six points below the neckline, or 18 (Head minus neckline subtracted from neckline at breakdown point).
TZA, TNA's mirror, confirmed a double-bottom pattern by closing above the middle peak in the W. Target for this pattern would be middle peak, minus the lowest dip, added to the breakout point, so approximately 32, or six points above the current price.
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