3 Stocks Breakout a Trendline Today

Inside this article you can find the companies that today showed the Trendline Breakout Chart Patterns. In addition, the companies shown here have a particular chart conformation that increases the probability of the positive trend continuing.


Don’t want to miss BullDude.com exclusive content?
Join the Telegram Channel for free


What is a Trendline?

learn more

A trendline is a line that combines a series of minimum or maximum to identify the presence of a trend. The trendline indicates a positive trend if it combines a series of increasing minimums, while indicates a negative trend if it combines a series of decreasing maximums.

If the company is in a medium-long term positive trend (increasing lows for several weeks or months) and shows a short-term negative trend (decreasing highs for days or weeks), the trendline breakout of this negative short-term trend increases the probability that the company will start growing again to follow the positive medium-long term trend.

So, within this article you will find companies that have breakout a short-term negative trendline and have increased their chances of resuming the positive medium-long term trend.

Real example of Trendline Breakout

Below is a chart of a company that appeared in a “Trendline Breakout” article here on BullDude.com.

Trendline Breakout: Shopify Inc (SHOP)

As shown in the chart, Shopify Inc (SHOP) breakout an important trendline on April 13, 2020, reported in the article published on the same day “3 Stocks Breakout a Trendline Today”. Since that day Shopify (SHOP) has grown by more than + 130% in just 3 months. The other 2 stocks included in the article were Domino’s Pizza (DPZ) which grew by + 8% in the same period of time and Kirkland Lake Gold (KL) which grew by + 23%.

How do I know if it’s a false breakout?

The breakout is defined as “false” when the positive trend that supported the price growth reverses the direction (going from positive to negative). To understand when this event occurs, there is a red half-line in the chart that indicates the level below which the positive trend can be considered concluded.

A few negative days are not enough to call it a “false” breakout because often the cause is natural temporary volatility (given by the retest of the signal level or profit taking or general market crash).


Today’s Trendline Breakout


Exclusive Content
for Members

Are you a member? click here

How Can I Access This Exclusive Content?

learn more

To access this exclusive content it is necessary to subscribe to the BullDude.com Membership that allows you to improve your trading by accessing tons of quality information, every day, at a very affordable price (from $ 3.80 to $ 4.90 per week).

Subscribe to access the following 3 categories of exclusive analysis:

Chart Patterns: Within this category you will find 2/3 articles every day (about 60 per month) containing the most interesting stocks that have shown a certain chart patterns. From the breakout of a resistance, trend-line or key moving average to the potential breakout, i.e. stocks with a good chance of making a breakout in the next few days.
Earnings Reports: Within this category you will have full coverage of the stocks that publish the earnings reports and you will be able to access the article on pre-market movers.
Stock Analysis: This category allows you to access key data analysis of many interesting stocks.


1-Month Membership
$ 29.90 $ 19.90 / month (33% off)
[ ONLY $ 4.90 per week ]

1-Year Membership:
$ 358.80 $ 198.90 / year (44% off)
[ ONLY $ 3.80 per week ]

You can subscribe using PayPal or credit / debit card (by Stripe)


100% Satisfied or 100% Refunded

If you are interested in signing up for a MEMBERSHIP, or to find out the content of each category, click on the button below.


Do you need help? contact us:

learn more

WhatsApp: click here to chat with us

Telegram: click here to chat with us

Mail: bulldude.info@gmail.com

The information in this article is for informational purposes only and does not constitute investment advice. For the full disclaimer click here.