THU 7/16: GPN – BUYING (1/3) @ $80.71

2:26 PM – Starting a 1/3 position in this payments and software technology solutions company as shares break above the ROUND-$80 resistance level with volume running above the normal daily rate. This combination of a key resistance breakout and improving volume is constructive bullish action and gives us a technical BUY SIGNAL.

James’ Trader’s Tip: Resistance Breakouts Need Volume

  • Round-number levels often act as important areas of psychological resistance.

  • A decisive move above resistance indicates buyers are gaining control.

  • Above-average volume adds confirmation that the breakout is supported by meaningful demand.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.