3 Stocks Breakout a Trendline Today

Inside this analysis you can find the companies that showed the Trendline Breakout Chart Patterns appeared today.

None of the patterns below guarantee success because there may be false breakouts. The purpose of this analysis is purely informative.


POSITIVE TrendLine BREAKOUT

Trendlines are lines that identify the presence of a trend by combining a series of highs and lows.

A trendline that identifies a negative trend will combine a series of decreasing highs, therefore when the price breakout the trendline provides a potential signal of inversion of the current trend (going from negative to positive) which can be both short and medium to long term.

Inside the charts there are 2 lines: The black line refers to the level where the breakout occurred, while the red line refers to a price level that could support the price growth until it is exceeded downward, price hypothetical where the stop-loss could be placed.

Burlington Stores Inc (BURL)

Marvell tech Group (MRVL)

Ross Stores Inc (ROST)


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Source:

*Charts by tradingview.com


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