This screen finds stocks that are nearing a long lower chartmill channel line that acts as support. This screen finds short setups: when the channel is broken, a possible strong move down may follow.
The Stock Screener supports different support and resistance trading strategies. Some examples are listed in this article.
An in depth reading on ChartMill Channels
Discover how to screen for breakout stocks or stock that are on the verge of doing so. Take advantage of specific price and volume filters and very sophisticated fully automated support and resistance recognition by ChartMill.
Learn when to enter a breakout trade in 4 different ways, each with its own advantages and disadvantages. Whether you're buying before, during, or after the breakout or waiting for a retest, identifying key levels and monitoring momentum are essential.
Finding narrow trading ranges with ChartMill Channels
A collection of screens to find good short trading candidates.
In this video I am going to share with you 5 different short screening ideas which will help you to find the best short trading setups.
This filter excludes stocks with a lower daily average volume of 300K.
This filter finds stocks trading in a range, close to the lower boundary of that range.
The chartmill channels and the chartmill channels are shown on a weekly chart.
Run this screen in your favorite region. You can always further fine tune the screen by changing the general settings after it opened in the screener.