Consistent strong performing stocks that show a bullish engulfing pattern
Strong stocks are consistent strong performers in the market
Learn everything about the Bullish Engulfing Pattern, a powerful candlestick signal indicating potential trend reversals. Discover how to identify and use this pattern in your trading strategy effectively.
In this video I’ll be covering 5 predefined momentum screening ideas from our Trading Ideas' section in ChartMill. Momentum trading means that you are primarily concerned with short-term positions. The intention is to buy stocks which are already rising and to sell them again quickly as soon as the first signs are visible that the rising is losing momentum. As an investor you try to benefit from the high volatility associated with the rise in this relatively short time.
The Bullish Engulfing candlestick is a bullish reversal candlestick pattern at the bottom of a downtrend. This specific pattern consists of two candles where the second bullish candle completely envelops the body of the first bearish candle as a sign of bullish momentum. Looking for a detailed guide with examples? Read our detailed article on the Bullish Engulfing pattern in the Related Articles section below.
A short video on how to use the bullish and bearish engulfing candlestick signals to find reversal patterns in any price chart.
This filter excludes all stocks that have a lower daily average volume than 200K.
The actual Bullish Engulfing signal
This filters for strong stocks. Strong stocks are high relative strength stocks that show a stable uptrend.
This filter excludes all stocks that are trading below 5 dollar.
10SMA and 20SMA
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