Inside this analysis you can find the companies that showed the Resistance 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.
Resistance is an area in which the price, after a rise, has been pushed down several times, reversing its direction.
So when the price rises above this area, which previously rejected it, it can have a bullish push and continue its positive trend.
Burlington Stores Inc (BURL)
SBA Communications Corp (SBAC)
Ambarella Inc (AMBA)
Davita Inc (DVA)
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This analysis shows the Resistance Breakouts of the Day. If you are interested in the other types of chart patterns (moving averages or trendline breakout) click here.
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*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.