The Greedy Trader Weekly Analysis
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Stocks Screener

Quarterly Pattern:Falling Channel
Number of records: 13
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Trend Analysis and Technical Indicators Scanner

- 3/28/2024 -
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Symbol View HelpWeekly View HelpGFI View HelpOscillators View HelpTrend Analysis View HelpRanking View HelpTechnical View HelpCandle View HelpWatch View Help
BBY 82.030.45%72.7065.50 8 51 Downtrend Broken Resist.Add to Watch List
CVX 157.741.99%78.9176.45 12 97 Add to Watch List
DXC 21.213.72%55.9030.20 7 44 1 Add to Watch List
F 13.282.87%78.1273.48 8 94 03/27/24	Bullish  Long White Real Body
03/26/24	Bearish  Long Red Real Body
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HON 205.252.25%74.2360.89 10 64 2 Downtrend Broken Resist.Add to Watch List
MMM 106.07-0.66%65.0453.63 10 64 1 Downtrend Broken Resist.03/27/24	Bearish  Downside Tasuki Gap
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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.

The price chart is the result of the activity of all market participants. It reflects periods of high expectations, greed and fear. As with 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 subwaves are required to perform a reliable pattern screening. We use a minimal required number of sub waves for an earlier pattern recognition screener. On the other hand, a pattern formed with more subwaves 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.