Broken Pattern vs. Shakeout
On this week’s edition of Stock Talk with Joe Rabil, Joe explains the difference between a broken pattern vs a shakeout. Shakeouts are a good opportunity to buy after “weak” holders have been shaken out of the pattern. Joe shows how to monitor the price structure as well as trend support on the higher timeframe to determine the difference. He then covers the stock symbol requests that came through this week, including NKE, ABNB, and more.
This video was originally broadcast on May 4, 2023. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!
New episodes of Stock Talk with Joe Rabil air on Thursdays at 2pm ET on StockCharts TV. Archived episodes of the show are available at this link. Send symbol requests to firstname.lastname@example.org; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show. (Please do not leave Symbol Requests on this page.)