Breakout
Price moving decisively above a key resistance level or the top of a range, often on expanding volume.
A breakout occurs when price closes above a well-defined resistance level — a range high, a prior swing high, or a trendline — signalling that buyers have overpowered the supply zone. Volume confirmation is critical: a breakout on light volume is a warning sign, not a signal.
Failed breakouts (fakeouts) are common. Waiting for a close — ideally a daily close — above the level, and then a successful retest of it as support, filters the majority of traps.
On the desk
META consolidates under $520 for two weeks. On earnings, it gaps through $520 on 3× average daily volume and holds $520 on a subsequent pullback. The retest confirming $520 as support is the lower-risk entry.