Screening for breakout and breakdown opportunities
A breakout from a resistance and a breakdown from a support could represent interesting trading opportunities.
In fact, we could enter a long position after a breakout, with a stop-loss below the ex-resistance (now support), or enter a short position after a breakdown, with a stop-loss above the ex-support (now resistance).
The question is, can you find stocks and ETFs in the US market that present these two patterns? I have a great news for you. You can do it easily and, even better, for free. Find it out how in this video!