Much like the bearish ones above, all of the following examples exhibit the same pre-trigger price action but here we have 1) an established uptrend. 2) A box formation with resistance to overcome. The trading “trigger” would be a break above resistance. Trend continuations are much simpler to see and understand than reversals, as is the case with the following.
Alaska Air Group (ALK)
H&R Block (HRB)
Constellation Brands (STZ)
Lions Gate Entertainment (LGF)
Motorola Solutions (MSI)
As always, keep it simple. Â Thanks for reading.
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No positions in any of the mentioned securities at the time of publication. Â Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.