Here are some charts of numerous resistance breaks on volume the last 1-3 days. Some of these will continue to surge, some will fall back and test resistance before moving up and some will probably falter completely but these are convincing moves.
The last time I put a group like this up in mid August (when I included charts) and left them alone and unmanaged this was the result. Of course I think they should be managed and not left to their own devices. The results could be greater, no guarantees of course.
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That portfolio is on the old SI (not sure if it still comes in). Anyway it was a 100,000 dollar portfolio (10 stocks evenly split up), now worth 143,000 dollars.
By the way I'm not advocating any purchases, merely pointing out patterns, simple breaks on high volume.
The point here is simply the strength of resistance breaks on volume...the move does not have to happen all at once, pullbacks are healthy and to be expected. But these moves often have significance down the line, once the smoke has cleared.
I'm clearly not implying the results of these will be the same...could be better or worse. I have not done due diligence on any of the following stocks. This was a quick run through, not all will necessarily meet the criteria of resistance breaks.
Keep an eye on the market as well as sectors.
AMTD, AVGN, DODV, FIBR, GCOM, IDMC, MLTX, SBSE, SEGU, SLNK,
SSW, TTIL, WTLK, NOVN.
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