REBOUND Patterns | COST, PANW, LEN… | November 26

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

  • REBOUND from Trend-Line
  • REBOUND from Simple Moving Averages 50 or 200 periods
  • REBOUND from Support
  • REBOUND from Resistance

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 rebounds. These are only operational ideas and it is recommended to combine other analyzes (fundamental or volumes) for greater effectiveness.


Potentially BULLISH signals


REBOUND from RISING Trend-Line

It represents an event in which the share price is bouncing away from a trend-line that has supported recent price growth. So it can be a point where the stock price starts to rise again following its main positive trend.

Costco Wholesale Corp (COST)

Lennar Corp (LEN)


REBOUND from POSITIVE Simple Moving Averages 50 (red line) or 200 (black line) periods

It represents an event in which the share price is falling and is bounced off the simple moving average at 50 (red line) or 200 (black line) periods which is notoriously a support point. Therefore it can represent a point of increase of the share price in the next sessions.

Constellium (CSTM)


REBOUND from Support

It represents an event in which the share price is falling and is bounced off a price level that in the past had stopped its decline. Therefore it can represent a point of increase of the share price in the next sessions.

Aarons Inc (AAN)


Potentially BEARISH signals


REBOUND from FALLING Trend-Line

It represents an event in which the share price is bouncing away from a trend-line that has supported the recent decrease in prices. So it can be a point where the stock price starts to fall again following its main negative trend.

HMS Holdings Corp (HMSY)


REBOUND from NEGATIVE Simple Moving Averages 50 (red line) or 200 (black line) periods

It represents an event in which the share price is rising and is bounced off the simple moving average at 50 (red line) or 200 (black line) periods which is notoriously a resistance point. Therefore it can represent a point of decline of the share price in the next sessions.

Twilio Inc (TWLO)


REBOUND from Resistance

It represents an event in which the share price is rising and is found to be rejected near a price level that had already stopped its growth in the past. Therefore it can represent a point of descent of the share price in the next sessions.

Palo Alto Networks Inc (PANW)


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This analysis shows the best rebound patterns of the day. If you are interested in the best breakout 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 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


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.