Consistent strong performing stocks that show a bullish engulfing pattern
The Bullish Engulfing Pattern is a powerful candlestick pattern for trend reversal trading. Learn how this pattern forms, how to recognize it, and how to use it in a profitable trading strategy.
Strong stocks are consistent strong performers in the market
The Bullish Engulfing candlestick pattern is a bullish reversal candlestick pattern at the bottom of a downtrend. Candlestick are used in technical analysis. 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.
A short video on how to use the bullish and bearish engulfing candlestick signals to find reversal patterns in any price chart.
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.
This filter excludes all stocks that have a lower daily average volume than 200K.
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.
The actual Bullish Engulfing signal
10SMA and 20SMA
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.