Explosive move, pullback and bounce

Explosive move, pullback and bounce Image
RUN IN STOCK SCREENER
(72)

I have found this scanner to find good, volatile, low-priced stocks that has made an explosive move, pulled back slightly and about to make a low (reverse back up)


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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.

Stock Screener Settings

Flag Type: Bull Flag or Pennant

To find stocks that has made a big move, and now reaccumulating for a new move up (with low volume preferably)..

MACD: MACD(12,26,9) > 0

MACD still bullish.

SMA1: Price Above SMA 10

one of main indicators that the stock is still in an uptrend

Flag Length: Length < 6

do not want it too long

Stochastics: Stochastics > 70

oversold.

RSI: RSI(2) > 70

oversold.

RUN

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.