Snapback Shorts

Snapback Shorts Image
RUN IN STOCK SCREENER
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Over extended stocks due a snapback. Watch for shorts.


Stock Screener Settings

Bollinger Bands: close >= up_bol

A close outside of the upper bollinger gives us a strong probability short in the next couple of days as price stays inside the bollinger 95% of the time.

RSI: RSI(14) > 80

Overbought stocks = extra confluence.

RUN
Chart Settings

Once these stocks have pulled back and you have profited from short trades, you get then play these long on continuations.

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.