The Greedy Trader Weekly Analysis
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Stocks Screener

Monthly Pattern:Rising Channel
Number of records: 31
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- 9/22/2023 -
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^DJI 33963.84-1.89%19.9845.77 6 Add to Watch List
AJG 233.081.28%63.7177.82 11 118 4 Add to Watch List
AON 336.02-0.04%60.3163.04 11 118 2 Add to Watch List
ATO 110.85-3.62%24.1923.35 3 72 1 09/21/23	Bearish  Long Red Real Body
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BKNG 3062.54-3.09%28.4369.01 4 88 3 Add to Watch List
BRK.B 360.16-2.09%45.8973.93 11 119 5 Uptrend Broken SupportAdd to Watch List
CMCSA 45.30-0.09%51.0269.32 9 102 1 Add to Watch List
CME 201.72-2.47%38.0874.18 11 86 3 Downtrend Broken Resist.Add to Watch List
COP 119.16-3.57%39.9975.65 12 110 2 09/22/23	Bullish  Homing Pigeon
09/21/23	Bearish  Long Red Real Body
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CTAS 504.75-2.01%48.3559.83 7 46 2 09/18/23	Bearish  On Neck
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Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

Stock Chart Patterns.

Price chart is the result of activity of all market participants. It reflects periods of high expectations, greed and fear. As most emotional human activities, it presents different patterns. Chart analysis and pattern recognition provide useful information for technical analysis, trend analysis and market timing signals for technical trading. Trendlines and chart patterns can be analyzed in different time frames: from intraday, daily and weekly frames, up to multi-year patterns. It is the best practice to analyze patterns in conjunction with other technical indicators. Each price pattern is formed by several smaller sub waves. At least 3 – 4 sub waves are required to perform a reliable pattern screening. We use minimal required number of sub waves for an earlier pattern recognition screener. On the other hand, pattern formed with more sub waves is more reliable.
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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.