Sept. 17 | BREAKOUT Patterns: MLM, XLNX, YY…

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 Golden/Death Cross

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.


Don’t forget to LIKE and ACTIVATE notifications on Facebook or Twitter so you DON’T MISS any analysis. At the bottom of this article you will find the steps to activate them.


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.

Zebra Technologies (ZBRA)

https://www.tradingview.com/x/W8V6Xm5Y/

YY Inc. (YY)

https://www.tradingview.com/x/YK2Q4SpK/

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.

Terraform Power Inc. (TERP)

https://www.tradingview.com/x/emi3GD2U/

New Fortress Energy LLC (NFE)

https://www.tradingview.com/x/dnbzn3Lq/

Independence Realty Trust (IRT)

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

Martin Marietta Materials (MLM)

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

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.

Corcept Therap. (CORT)

https://www.tradingview.com/x/jQ7rjrzG/

Alnylam Pharmac. (ALNY)

https://www.tradingview.com/x/pK1k3rqJ/

Don’t forget to LIKE and ACTIVATE notifications on Facebook or Twitter so you DON’T MISS any analysis. At the bottom of this article you will find the steps to activate them.


Potentially BEARISH signals


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.

Boston Beer Inc. (SAM)

https://www.tradingview.com/x/NKBc0jtH/

Livongo Health Inc. (LVGO)

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

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.

GW Pharma (GWPH)

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

Xilinx Inc. (XLNX)

https://www.tradingview.com/x/0MX22ez6/

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.


ACTIVATION OF NOTIFICATIONS

You can stay updated on my analysis in 2 ways:

Steps for Twitter

  • like my Twitter page BullDude.com
  • click on the bell (to the left of the Follow button)
  • NB: Make sure you have active PUSH notifications in the settings
  • NB: if you do this procedure from the Twitter app you must also select “All posts”

Steps for Facebook Desktop

  • like my page BullDude.com
  • pass the mouse on the “Follow” button (or “Segui” in Italian) – (point 1 of the image)
  • click on the pencil near to the word “Notifications” (or “Notifiche” in Italian – (point 2 of the image)
  • in the window that opens click on “Standard” – (point 3 of the image)
  • click to confirm and close the window (point 4 of the image)

Steps for Facebook App

  • like my page at BullDude.com
  • click on the 3 dots (…) under the thumb of “like” – (point 1 of the image)
  • click on “Following” – (point 2 of the image)
  • click on “Edit Notifications Settings” – (point 3 of the image)
  • select “Standard” – (point 4 of the image)

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