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.
Amazon Inc (AMZN)
Advanced Micro Devices Inc (AMD)
Walmart Inc (WMT)
Shopify Inc (SHOP)
Veeva Systems Inc (VEEV)
Want to know what other types of analysis are available on BullDude.com?
Click here to find out !!!
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.
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.
Do you want to stay updated on all the analysis published?Follow @BulldudeC
*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.