4 Stocks that are Breaking Out In January

David Blair

My specific, well defined box break strategy involves locating stocks on Weekly/Daily timeframes where supply/demand scenarios are undergoing a potential change.

In other words, for a bullish trade opportunity I look for previous supply (resistance) to become new demand (support).

In sum, traders would call this a bullish breakout opportunity.

The following charts represent 4 stocks that are breakout candidates. As I like to say, they are currently caught in my crosshairs.

$QCOM – Qualcomm Stock Chart

qcom stock price breaking out higher forecast chart image _ january 21

$PAYX – Paychex Stock Chart

payx stock breaking out higher price chart _ january 21

$PEP – PepsiCo Stock Chart

pep stock price breakout higher rally surge bullish investing _ january 21

$MRVL – Marvel Technology Stock Chart

mrvl stock price breakout chart analysis image investing _ january 21

Thanks for reading and note that you can access more of my work over at CrosshairsTrader.

Twitter:  @crosshairtrader

No positions in any of the mentioned securities at the time of publication.  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.