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.
Inside the charts there are 2 lines: The black line refers to the level where the breakout occurred, while the red line refers to a price level that could support the price growth until it is exceeded downward, price hypothetical where the stop-loss could be placed.
T-Mobile US Inc (TMUS)
Ecolab Inc (ECL)
Illumina Inc (ILMN)
DR Horton Inc (DHI)
Baidu Inc (BIDU)
Lennar Corp (LEN)
Paycom Software Inc (PAYC)
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*Charts by tradingview.com