Chart Patterns: 3 of the Most Important and Effective

In this article we discover 3 of the most important and effective Chart Patterns and related examples of how some companies have grown in triple digits in just a few months:

  • Resistance and Potential Breakout
  • Moving Average Breakout
  • New All-Time High

In the Chart Patterns category within the BullDude.com Membership you will find out every day which companies are showing each of the 3 patterns.

Resistance and Potential Breakout

Resistance Breakout

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.

Pinduoduo Inc (PDD): Resistance Breakout

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%).

Potential Breakout

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.

Fiverr International (FVRR): Potential Breakout

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%)

Moving Average Breakout

Moving Average Breakout

Moving averages are one of the most used tools in trading because they allow you to identify the presence of a positive or negative trend based on the position of the stock price with respect to it. One of the most important moving averages is the one calculated as the average price of the last 50 trading sessions and if the price is above it (or below) it indicates the presence of a medium-long term positive (or negative) trend .

So knowing which companies have just moved from a negative to a positive trend (so the price has moved above the 50-day moving average) is very useful information.

Within the BullDude.com Membership you will find an article called “Moving Average Breakout” every day containing the best companies that have just entered a positive trend, ie the price has moved above the moving average.

Snap Inc (SNAP): Moving Average Breakout

In the image above you find an example of this type of article called “4 Stocks Breakout a Key Moving Average Today” published on April 22, 2020 here on BullDude.com where Snapchat (SNAP) was reported because the price had reached $ 17 exceeding the moving average of 50 days (black line). Since that day, Snapchat (SNAP) has grown by over 55% in the next 3 months to over $ 26.

In mid-February 2021, the price of Snapchat (SNAP) reached $ 73 per share (+ 330%).

New All-Time High

New All-Time High

When a company’s stock price continues to rise and reaches a new all-time high it means it has reached the highest market value in its history. For example, Apple Inc (AAPL) currently has a market value of over $ 2 trillion, but before it can reach it, it has continuously recorded new all-time highs over the past few years, rising from a value of 1, 10, 100, 1000 and now over $ 2 trillion.

For this reason, reaching a new all-time high is very important because it means that the company is continuing to grow as a market value.

So knowing the companies that have just hit a new all-time high is very useful information.

Precisely for this reason within the BullDude.com Membership you will find every day an article called “New All-Time High” containing the best companies that have just reached a new all-time high and are therefore continuing to grow reaching market value never reached previously.

PayPal (PYPL): New All-Time High

In the image above you find an example of this type of article called “10 Stocks to a New All-Time High | May 5” published on May 5, 2020 here on BullDude.com where the payment giant PayPal (PYPL) was reported because it had just reached a new all-time high of $ 125 per share (exceeding the red line which represented the previous all-time high). Since that day the company has continued to grow reaching $ 210 in the following 4 months (+ 68%).

In mid-February 2021 PayPal (PYPL) reached a price of $ 308 per share (+ 145%).

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