BREAKOUT Patterns | ROKU, LMT, AAP… | November 12

In this analysis you can find the companies that showed one of the following technical patterns appeared today:

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

Within each of the 4 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


POSITIVE Trend-Line BREAKOUT

The breakout of a trend-line is an event occurs when the stock price of a company surpasses an area that in the past had struggled to overcome. Exceeding this zone may constitute a situation in which the stock price interrupts the direction of the previous trend and prepares to reverse it. Positive breakout occurs when the stock comes from a negative trend and tries to reverse it by starting a positive trend.

Synovus Financial Corp (SNV)

https://www.tradingview.com/x/ZJSc8HEe/

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.

Marvell Tech. Group (MRVL)

https://www.tradingview.com/x/AxoN3SDi/

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 simple 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 simple moving averages it is possible that a positive trend will start.

Roku Inc (ROKU)

https://www.tradingview.com/x/JGVo9aZD/

Lockheed Martin Corp (LMT)

https://www.tradingview.com/x/u8sG26CT/

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.

Scholastic Corp (SCHL)

https://www.tradingview.com/x/ICcAnqEt/

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 it 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.

Terraform Power Inc (TERP)

https://www.tradingview.com/x/JDwbEelx/

Peabody Energy (BTU)

https://www.tradingview.com/x/MCIpPpVz/

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 simple 50 (red line) or 200 (black line) period moving average, it means that the stock is a negative trend. Therefore, when the price falls below one of the 2 simple moving averages it is possible that a negative trend will start.

Advance Auto Parts Inc (AAP)

https://www.tradingview.com/x/cKigZ1Wj/

Edgewell Personal Care Co (EPC)

https://www.tradingview.com/x/5MHukC0s/

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This analysis shows the best breakout patterns of the day. If you are interested in the best rebound patterns of the day click here. To learn about the best “buy the dip” of the day 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 made by Hedge Funds / Insiders), summarizing all this information in a simple score, I am waiting for you here for my Score -Card analysis.


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Source:

*Charts by Tradingview.com


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DISCLAIMER: The information in this blog post represents my own analysis/opinions and does not contain a recommendation for any particular security or investment.