Oct. 1 | BREAKOUT Patterns: AMTD, SFIX, ZEN…

BullDude

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
  • Simple Moving Averages 50-200 Golden/Death Cross

Within each of the 5 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.

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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.

Dillards Inc. (DDS)

https://www.tradingview.com/x/MsFCnG8x/

Stitch Fix Inc. (SFIX)

https://www.tradingview.com/x/I0KJkd8u/

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.

Safehold Inc. (SAFE)

https://www.tradingview.com/x/tTkJN5nb/

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 or 200 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.

Silicon Motion Tech. (SIMO)

https://www.tradingview.com/x/xvp1xHqE/

Simple Moving Averages Golden Cross (50-200)

A simple moving average is formed by the average of the prices recorded in a series of previous sessions. When a simple 50-periods moving average crosses a simple 200-periods moving average upwards, the so-called “Golden Cross” occurs, ie it is possible that from this point on the stock price will continue/begin to grow.

Hollyfrontier Corp. (HFC)

https://www.tradingview.com/x/eg3F9tpV/

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.

Q2 Holdings Inc. (QTWO)

https://www.tradingview.com/x/n4Ra4f0G/

Geo Group Inc. (GEO)

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

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.

Fate Therapeutics (FATE)

https://www.tradingview.com/x/iY6F6GnG/

TD Ameritrade Holdings Corp. (AMTD)

https://www.tradingview.com/x/PqIPHIl8/

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 or 200 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.

Mirati Therapeutics Inc. (MRTX)

https://www.tradingview.com/x/MLFlRV3L/

Kratos Defense & Security Solutions (KTOS)

https://www.tradingview.com/x/mD5pC6nB/

Simple Moving Averages Death Cross (50-200)

On the other hand, when a simple 50-periods moving average crosses a simple moving average of 200-periods downwards, the so-called “Death Cross” occurs, ie it is possible that from this point the stock price will continue/begin its descent.

Zendesk Inc. (ZEN)

https://www.tradingview.com/x/7Tuf72Tr/

Source:

*Charts by Tradingview.com

This analysis takes very interesting patterns into consideration, but if you are also interested in analysis of company fundamentals, I refer you to my Score-Card analysis here.

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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.