Inside this analysis you can find the companies that showed the Resistance and Support Breakouts Chart Patterns appeared today:
- Resistance BREAKOUT
- Support BREAKOUT
None of the patterns below guarantee success because there may be false breakouts. The purpose of this analysis is purely informative.
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.
Quotient (QTNT)
Quotient Limited, a commercial-stage diagnostics company, develops, manufactures, and commercializes conventional reagent products used for blood grouping in the transfusion diagnostics market worldwide.
Lexinfintech (LX)
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People’s Republic of China.
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 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.
Phillips 66 (PSX)
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S).
Nutrien Ltd (NTR)
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide.
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This analysis shows the Resistance and Support Breakouts of the Day. If you are interested in other Breakout Chart Patterns of the day (Trendline and Moving Averages) I’ll wait here.
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*Charts by tradingview.com
*Company information from finance.yahoo.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.
