Inside this analysis you can find the companies that showed an interesting pattern before che closing.
None of the patterns below guarantee success because there may be false breakouts. The purpose of this analysis is purely informative.
Resistance BREAKOUT
Resistance is an area in which the price, after a rise, has been pushed down several times, reversing its direction.
So when the price rises above this area, which previously rejected it, it can have a bullish push and continue its positive trend.
Tesla Inc (TSLA)
Key Buy Pattern
The Key Buy Pattern is a simple configuration useful to continue a consolidated positive trend. It is composed by:
- Strong positive trend
- Momentary break formed by 3 candles with decreasing highs
- Positive candle that breaks the high of the previous candle (stop-loss placed under this candle)
After breaking the third candle high, the price should follow to the main positive trend.
Disney (DIS)
JP Morgan (JPM)
Coca-Cola Co (KO)
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*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.