TopOut
Pending reversal at significant resistance Level after prior uptrend
Stock Screener Settings
RSI: RSI(2) > 70
relatively overbought conditioning lessening enthusiasm for bulls; watch Twiggs money flow on 8 setting and large player volume participation for waning interest
Exchange/Fund: US Only
narrow to US trading hour highest liquidity
Average Volume: 50 SMA > 300K
liquidity
Resistance Strength: R1 Strength > 3
more than minimum level of resistance level
Price: Above 5
Institutional level participation, minimum price filter
UCC Strength: UCC Strength > 3
additional resistance confluence at more than minimal level;
Resistance: close 3% from R1
time to add stock to watchlist ahead of reversal with stop beyond this level; confirm reversal in RSI(2) crossing out of overbought and initial entry into oversold
Chart Settings
can add overlays of Chartmill channels, S+R and Bollinger bands to see further confluence of overhead resistance points, place stop for short trade beyond these levels for what should be a low risk entry point
Regional Run
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.