The Greedy Trader Weekly Analysis
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Number of records: 13

Uptrend Broken Support Stocks Alert

- 2/16/2024
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^DJIDow Jones
ANETArista Net
AOSA.O. Smith
CTSHCognizant Technology Solutions Corp.
EWCiShares MSCI Canada Index
ILMNIllumina Inc
MTDMettler Toledo
PFGPrincipal Financial Group
VRSKVerisk Analytics
VTEBVanguard Tax-Exempt Bond Index Fund ETF Shares
WABWabtec Corporation
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Uptrend Broken Support

Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.
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Warning: presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.