Within this article we discover the Resistance Breakout, one of the most effective Chart Patterns as shown in the example where a company has grown by over 280% in a few months.
In addition, we will find out how to be informed every day on which companies show this important chart pattern.
Resistance is a price level within a positive trend in the stock price that stops growth and does not allow for continuation, so it is an obstacle.
In order for the stock price to continue growth it must overcome this obstacle, i.e. reach a price level above the resistance.
So knowing which companies 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 every day an article called “Resistance Breakout” containing the best companies that have just overcome this obstacle.
In the image above you find an example of this type of article called “6 Stocks Breakout a Resistance Today” published on 9 May 2020 here on BullDude.com where the Chinese company Pinduoduo (PDD) was reported because it had just overcome a resistance (black line) and in 2 months the price increased by 80%, going from $ 54 to $ 98.
In mid-February 2021, the price of Pinduoduo (PDD) reached $ 212 per share (+ 280%).
In addition, every day within the BullDude.com Membership you will find an article called “Potential Breakout” containing companies that have not yet overcome this obstacle (Resistance) but have a chart structure that increases the chances of doing so in subsequent trading sessions.
In the image above you find an example of this type of article called “Potential Breakout: 4 Interesting Stocks To Watch” published on June 18, 2020 here on BullDude.com where the company Fiverr International Ltd. (FVRR) was reported because it showed a good chance of overcoming the resistance to $ 73 (black line) in subsequent trading sessions. In fact, it did it in just 5 days and the price went from $ 68 (on the day the article was published) to over $ 122 (+ 80%) in the next 2 months.
In mid-February 2021, the price of Fiverr International Ltd. (FVRR) reached $ 335 per share (+ 380%)
The Resistance Breakout and Potential Breakout articles can be found every day within the BullDude.com Membership in the Chart Patterns category along with 3 other types: Moving Average Breakout, Buy The Dip and New All-Time High.
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