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RUN IN STOCK SCREENER
(23)

Pending reversal at significant resistance Level after prior uptrend


Stock Screener Settings

Price: Above 5

Institutional level participation, minimum price filter

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

UCC Strength: UCC Strength > 3

additional resistance confluence at more than minimal level;

Exchange/Fund: US Only

narrow to US trading hour highest liquidity

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

Resistance Strength: R1 Strength > 3

more than minimum level of resistance level

Average Volume: 50 SMA > 300K

liquidity

RUN
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.