4 Top 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.


READ ALSO:
Key Charts Levels: How To Improve Your Trading


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

learn more

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?

learn more

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 the article?

learn more

On BullDude.com you find 3 categories of exclusive analysis: Chart Patterns category allows you to access about 60 articles per month containing the best daily chart patterns; Earnings Reports category allows you to access analysis on the most interesting earnings reports and pre-market movers; Stock Analysis & Portfolio category allows you to access key data analysis of many interesting companies and access BullDude’s portfolios.


This article is part of the Chart Patterns category and in order to access it you need to subscribe to one of the 3 types of membership:

Single Membership: $ 14.90 / month

Full access to the Chart Patterns category where you will find about 60 articles per month containing the best daily chart patterns.

Bundle Membership: $ 19.90 / month

Full access to the Chart Patterns category and 1 other category of your choice between Earnings Reports and Stock Analysis & Portfolio.

Full Membership: $ 29.90 / month

Full access to ALL 3 categories of exclusive analysis: Chart Patterns, Earnings Reports and Stock Analysis & Portfolio.


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:

WhatsApp: click here to chat with us

Telegram: click here to chat with us

Mail: bulldude.info@gmail.com