We're seeing the exact same setup in shares of EverBank Financial ( EVER) -- just in the longer-term. EverBank has been forming an ascending triangle pattern of its own since all the way back in early March. For this pattern, resistance comes into play at $17, and uptrending support connects the 200-day and 50-day moving averages. A breakout above $17 is the signal to jump into shares. Why exactly? >>4 Hated Earnings Stocks You Should Love Whenever you're looking at any technical price pattern, it's critical to think in terms of buyers and sellers. Triangles and other price pattern names are a good quick way to explain what's going on in this stock, but they're not the reason it's tradable. Instead, it all comes down to supply and demand for shares. That resistance line at $17, for example, is a price at which there's an excess of supply of shares; in other words, it's a place where sellers have been more eager to take recent gains and sell their shares than buyers have been to buy. That's what makes the breakout above it so significant -- a breakout indicates that buyers are finally strong enough to absorb all of the excess supply above that price level. Don't go long EVER until that happens.