Bullish Engulfing Pattern. Bullish Engulfing Pattern is one of the strongest pattern in Candlestick and in technical analysis charting in general. However, you should combine it with other technical indicators such as the ADX to make sure the uptrend is strong enough for a trade. When ADX is greater than 25, that is a nice strong trend. If ADX is over 30, then that is a very strong trend. In addition, you can also use stochastic to measure the overbought and oversold area and make sure the stock is not trading in the overbought area when you want to buy the stock.
Stock Market Analysis - Learn to trade stocks online
Monday, March 12, 2012
Stock Screen for today
Here is a list of stocks that I got from the candlestick screener on dojispace.com today.
Wednesday, March 7, 2012
How to scan for stocks
There are different ways that you can find stocks to trade. The best way is through a stock screener. For example, if you want to find stocks that is forming a bullish engulfing pattern (candlestick pattern screener), you can easily find all the stocks that are matching this pattern on Free Stock Scan.
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