Ascending Triangle Pattern
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Stock Of The Day: Is American Airlines Breaking Out?
Benzinga· 2025-12-02 18:10
Group 1 - American Airlines Group Inc. (NYSE:AAL) is experiencing quiet trading, but shares may be on the verge of breaking out due to a classic 'ascending triangle' pattern, which has bullish implications [1][6] - The 'ascending triangle' pattern indicates aggressive buyers and patient sellers, with resistance around the $13.80 level since August, where sellers have consistently held their positions [2][5] - The dynamics show that while sellers remain patient, buyers are becoming more aggressive, leading to a potential breakout above the resistance level [5][6] Group 2 - The horizontal resistance line indicates that sellers have been patient, while the ascending trendline reflects increasing aggressiveness from buyers, suggesting a bullish market dynamic [6][7] - If the resistance at $13.80 is broken, it may indicate that the supply has been significantly reduced, potentially leading to a new uptrend for American Airlines [6][7]
SoFi Technologies Stock Surges Past $15 On Bullish Outlook, Technical Breakout
Benzinga· 2025-06-11 20:18
Group 1 - SoFi Technologies Inc is gaining investor attention due to a recent technical breakout and positive momentum in its stock performance [1] - The company aims for over $3 billion in adjusted net revenue by 2025 and anticipates annual revenue growth exceeding 25% through 2026 [1][2] - SoFi's loan origination business is experiencing strong growth, with deposits increasing to $27 billion and fee-based income now making up 41% of its revenue [2] Group 2 - Technical indicators show a classic ascending triangle pattern, suggesting a continuation of the uptrend, with sellers at the $14.50 resistance level and aggressive buyers stepping in at higher prices [3] - SoFi's stock has a short interest of 13.23% as a percentage of its float, and it is trading higher by 4.31% to $15.01 [4] - The stock has a 52-week high of $18.42 and a low of $6.01, closing at $15.06, up 4.66% [7]