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. Thanks for reading.
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.
