Oct. 2 | BREAKOUT Patterns: BLK, LEN, HLF…

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.


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.

Lennar Corp. (LEN)

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

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.

Kinross Gold Corp. (KGC)

https://www.tradingview.com/x/IzySR7YK/

GCI Liberty Inc (GLIBA)

https://www.tradingview.com/x/zhuAHO4P/

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.

Arconic Inc. (ARNC)

https://www.tradingview.com/x/kuJC9HOC/

Noble Energy Inc. (NBL)

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

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.

Qurate Retail Inc. (QRTEA)

https://www.tradingview.com/x/oB90QJyJ/

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.

Herbalife Nutrition Ltd (HLF)

https://www.tradingview.com/x/2b5tlXdJ/

Capri Holdings Ltd (CPRI)

https://www.tradingview.com/x/9tpZvqe5/

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.

Blackrock Inc. (BLK)

https://www.tradingview.com/x/hM9etsHB/

Wyndham Hotels & Resorts Inc. (WH)

https://www.tradingview.com/x/Gg2moSIq/

Source:

*Charts by Tradingview.com


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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.


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