Inside this article you can find the companies that today showed the Resistance Breakout Chart Patterns. In addition, the companies shown here have a particular chart conformation that increases the probability of the positive trend continuing.
A resistance is an area where price growth has stopped once or several times, without ever being able to overcome it. We can define it as a real obstacle.
So if the company is able to overcome (breakout) this obstacle, after being stopped previously, the chances of the price continuing to rise increase. Furthermore, prices are more likely to continue rising, the stronger the underlying positive trend.
How do I know if it’s a false breakout?
The information in this article is for informational purposes only and does not constitute investment advice.
Today’s Resistance Breakout
Honeywell International Inc (HON)
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