The Greedy Trader Weekly Analysis
Sign In Sep 29, 2023
Skip Navigation Links
Number of records: 7

Uptrend Broken Support Stocks Alert

- 9/22/2023
Sign In to see current Alerts.
METMetLife Inc.
PSXPhillips 66
SLBSchlumberger Ltd.
Hide Help

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.
Related Links
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.