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 today.
AnalysisChartSymbolOpenHighLowCloseVolume% Change
These stocks are trending up nicely and forming a 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.

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