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.
Chipotle Mexican Grill (CMG)
GSX Techedu Inc (GSX)
Axon Enterprise Inc (AAXN)
Boston Scientific Corp (BSX)
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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.