To determine the price target from this formation, measure the height of the flagpole, which is defined as the distance from the breakout above resistance to the first high, which is labeled line 1.
It prevents deep-pocketed retailers or device makers from engaging in predatory price wars to harm competitors or discourage formation of new competitors.
Pent-up demand, new household formation, improving labor market conditions and price destruction are all factors which have supported gains in the home sales.