Inside this article you can find the ETFs (Exchange Traded Funds) that today showed the Resistance Breakout Chart Patterns. In addition, the ETFs shown here have a particular chart conformation that increases the probability of the positive trend continuing.
An ETF is an instrument that allows you to invest in an underlying instrument which can be a group of companies or in a stock index (ETF on the S&P 500 index), in a commodity (such as gold or silver), in an entire stock market sector (such as the technology sector), in particular investment strategies and in much more.
ETFs have become very famous for their simplicity as they can be bought and sold on a stock exchange just like Apple shares and for their very low costs especially compared to more traditional investment funds.
Resistance is a price level within a positive trend in the ETF price that stops growth and does not allow for continuation, so it is an obstacle. In order for the ETF price to continue growth it must overcome this obstacle, i.e. reach a price level above the resistance. So knowing which ETFs have just overcome this hurdle and are ready to continue growth is very useful information.
Precisely for this reason within the BullDude.com Membership you will find many articles published constantly called “Resistance Breakout” containing the best ETFs that have just overcome this obstacle.
How do I know if it’s a false breakout?
The breakout is defined as “false” when the positive trend that supported the price growth reverses the direction (going from positive to negative). To understand when this event occurs, there is a red half-line in the chart that indicates the level below which the positive trend can be considered concluded.
A few negative days are not enough to call it a “false” breakout because often the cause is natural temporary volatility (given by the retest of the signal level or profit taking or general market crash).
Today’s Resistance Breakout
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