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.

Shopify Inc (SHOP)

Dominos Pizza Inc (DPZ)

Kirkland Lake Gold (KL)


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This analysis shows the Trendline Breakouts of the Day. If you are interested in the other types of chart patterns click here.

If you are interested in a overall analysis of companies taking into account different types of data (including business growth, analysts expectations and transactions by Hedge Funds / Insiders), summarizing all information in a score, I’ m waiting for you here for my Score-Card analysis.



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Source:

*Charts by tradingview.com


DISCLAIMER: The information in this blog post represents my own analysis/opinions and does not contain a recommendation for any particular security or investment. Stocks trading involves substantial risk of loss and is not suitable for every investor. Trade responsibly.