Definition of a breakout?

[clowboy]

hey all

What is the textbook defination of a breakout?

Thanx

[Knobby22]

When you get more than three pimples. :o

[Strw23]

hey all

What is the textbook defination of a breakout?

Thanx

A price movement through an identified level of support or resistance, which is usually followed by heavy volume and increased volatility. Traders will buy the underlying asset when the price breaks above a level of resistance and sell when it breaks below support.

Check the link for a chart with an explanation.
http://www.investopedia.com/terms/b/breakout.asp

This is a good webpage for definitions and other info.

Scott

[canny]

Help please?
What is an LOI?
and what is someones SID? (Something like a financial reference? or an "I am interested related reply to an offer?))

[123enen]

http://www.google.com.au/search?hl=en&q=define%3Asid&meta=

http://www.google.com.au/search?hl=en&q=define%3Aloi&meta=

[NettAssets]

Ah - that must be Sudden Ionospheric Disturbance

what happens to all the shares I consider and don't trade!

John :banghead:

[chemist]

hey all

What is the textbook defination of a breakout?

Thanx

I don't think these is one because "textbook" would imply an accepted body of academic knowledge which TA is not.

cheers,
chemist