SYMC multiyear breakout

[Marcell]

Symantec broke out last week. It broke the resistance that has been valid since beginning of 2005! I took today's sell-off as a chance to establish my long position. Could be the beginning of recovery, at last.

 

[papagatorga]

Over the years I have had more losers than winners when I buy a longer term downtrending stock. I know they don't have to go down forever, new management, new product or other reasons can turn them around, but from a risk/reward standpoint my experience has been more losers than winners. I get many more winners when I buy an uptrending stock that has pulled back to around the bottom of its Linear Regression Channel. Just my experience, GOOD LUCK.

 

[efficiency]

I don't see a breakout.

I do see a trend break in 2004. But the triangle will have to resolve at or before the apex.

 

[suriNotes]

Here is SYMC Weekly chart with Symmetric Triangle.

Regards,
Suri