Breakout Chart Patterns | ZM, OLLI, TEN… | December 2

In this analysis you can find the companies that showed one of the following Breakout Chart Patterns appeared today:

  • Resistance BREAKOUT
  • Support BREAKOUT
  • Simple Moving Averages 50-200 BREAKOUT

Within each of the 3 sections you will find a more complete explanation.

None of the patterns below guarantee success because there may be false breakouts. These are only operational ideas and it is recommended to combine other analyzes (fundamental or volumes) for greater effectiveness.


potentially BULLISH signals


Resistance BREAKOUT

The break-out of a resistance is an event that occurs when the stock price continues to rise and exceeds a price level that had previously stopped it by pushing it back, not allowing it to go beyond this level. So when the stock price exceeds this price level it is possible that it will continue its run and continue to grow.

Pan American Silver Corp (PAAS)

Sciplay Corp (SCPL)


Simple Moving Averages (50/200) BREAKOUT

A simple moving average is formed by the average of the prices recorded in a series of previous sessions. If the price is above a 50 (red line) or 200 (black line) period moving average, it means that the stock is a positive trend. Therefore, when the price rises above one of the 2 moving averages it is possible that a positive trend will start.

Tenneco Inc (TEN)

Sprouts Farmers Markets Inc (SFM)


Potentially BEARISH signals


NEGATIVE Trend-Line BREAKOUT

Negative breakout occurs when the stock comes from a positive trend and tries to reverse the direction by starting a negative trend.

Aflac Inc (AFL)

UDR Inc (UDR)


Support BREAKOUT

The break-out of a support is an event that occurs when the stock price continues to decrease and exceeds a price level that previously stopped it by pushing it back, not allowing to go beyond this level. So when the stock price exceeds this price level it is possible that it will continue its run continuing to decrease.

Brooks Automation Inc (BRKS)


Simple Moving Averages (50/200) BREAKOUT

A simple moving average is formed by the average of the prices recorded in a series of previous sessions. If the price is below a 50 (red line) or 200 (black line) moving average, it means that the stock is a negative trend. Therefore, when price falls below one of the 2 moving averages it is possible that a negative trend will start.

Ollies Bargain Outlet Inc (OLLI)

Zoom Video Communic. (ZM)


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This analysis shows the best breakout chart patterns of the day. If you are interested in the best rebound patterns, the best “buy the dip” or the best companies that follow the “Buy High, Sell Higher” theory 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.



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Source:

*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.