Get started
trendinvestorpro

Double Bottom breakout brewing for CHKP

Long
Check Point Software Technologies Ltd. (NASDAQ:CHKP)  
trendinvestorpro  
NASDAQ:CHKP   Check Point Software Technologies Ltd.
Chart Patterns Double Bottom breakout Stocks
2
0
chartpattern doublebottom breakout stocks
CHKP - HACK led the tech-related ETFs in October with a surge and breakout. CheckPoint CHKP, which is part of the cyber security group, is joining the party with a break above the Sept high. Also note that lows in the 106 area formed a Double Bottom of sorts from August to early October. At the very least, this is a base of sorts. The breakout here in November confirms the pattern and CHKP is reversing its downtrend.
Choose a Strategy, Develop a Plan and Follow a Process
-Arthur Hill, CMT
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.