iShares MSCI Singapore Index Fund ($ EWS) is back on our watchlist after
a failed breakout attempt last February.
S&P Midcap 400
failed a breakout attempt in July of 2016, but succeeded during its subsequent breakout attempt four months later.
Mike Cintolo discusses the market's recent
failed breakout attempt and the abnormal selling he's seen in growth stocks.
Not exact matches
On the contrary, some of the most explosive upside moves occur when the first
breakout attempt fails, but the equity subsequently breaks out and hold.
Two
attempts, one in September 2016 and the second in March 2017,
failed to sustain the
breakout.
Since many traders buy the initial
breakout attempt, then quickly sell when the
breakout fails, it has the effect of absorbing overhead supply.
Breakouts tend to
fail at the first few
attempts but may succeed eventually.