On the daily chart, more details are revealed that would help the trader confirm that this was indeed a falling wedge formation.

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The weekly chart shows a falling wedge formation (lines A and B) that was completed in November 2002 when the downtrend (line A) was broken.

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After falling in a multi-week wedge, it exploded with a big breakaway gap, up 5.34 to 36.80, or 17%, on 7.4 million shares.

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It had a big gap down, formed a wedge, and then it came down hard again, falling 98 cents to 26.51 on Monday.

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