This condition can also occur during a bear run. The stock may have pulled back from its high to establish and confirm its support level and now its trying to resume its bull run. This condition can occur during a bull run. Our trend following method identifies the bull breakout when the stock starts trading above the previously identified resistance level while it has already established a strong support level. Represents Bull Breakout also referred to as an Emerging Sun This condition occurs, due to stock is in demand and the outlook of the company is great. Our trend following method identifies the bull run condition when the stock is escalating higher and creating a new higher level of support. Which creates the phenomenon of euphoric buying sentiment among the traders! However, the stock starts trading above the previously identified resistance level, due to one or more of the following reasons Our trend following method identifies the accidental bullish condition when there is no reasonable support. Represents Accidental bull breakout also referred to as New Sun.Īs our system has defined it as an accidental breakout from the bear run.
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