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| This next chart is for AK Steel corp, (NYSE: AKS) and shows how trading a breakout can be tricky. It also shows how the perimeters of the box are important technical levels and once breached resistance becomes support. In this case AK Steel broke the top resistance in late Dec 03 but for a while never managed to stray very far for the following 6 months . However what was once the top of the box became significant support where the price bounced off severel times. In May 04 the price actually managed to pierce through that support on two occasions but it was a quick spike and bounced off yet once again. from then on AKS went on to quadruple it's price n the six months between July 04 and Jan 05. | ||