Kristjan Kullamägi Continuation Breakout Screen
Kristjan Kullamägi Continuation Breakout Screen
Based on one of the setups used by Swedish swing trader Kristjan Kullamägi, this continuation breakout screen looks for stocks that have risen sharply over a relatively short period, followed by an orderly pullback and consolation.
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Two Swing Trading Momentum Screens in ChartMill
In this video, I want to take a closer look at two specific swing trading momentum screens available in the ChartMill Stock Screener.
1 Month>=25%
Minimum Price Performance in one month
Average Volume: 50 SMA > 300K
To ensure liquidity
Volume Increase: Volume(Week) 50% Less Than Vol(Previous Week)
Volume has to be lower during consollidation phase
Volatility: ADR(20)% Above 4
Decent Average Daily Range
Price VS SMA: Price In 2% Range Of SMA(10)
Stocks with strong momentum tend to test the ascending SMA(10) during the pullback phase
Exchange: US Only
Only US stocks
Price: Above 5
Avoiding penny stocks
Daily bars
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.