The Greedy Trader Weekly Analysis
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Stocks Screener

Yearly Pattern:Broadening Ascending Wedge
Number of records: 53
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- 9/22/2023 -
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AEE 80.21-0.69%62.3330.37 3 38 1 Add to Watch List
ALL 114.094.88%77.0960.35 11 108 1 Add to Watch List
AMGN 267.702.68%74.2079.50 6 76 1 Downtrend Broken Resist.09/22/23	Bullish  Doji
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AMP 333.49-3.93%36.3358.39 11 50 4 Add to Watch List
AZO 2570.271.60%52.4555.06 4 47 2 Downtrend Broken Resist.09/22/23	Bullish  Piercing Line
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CB 213.080.41%78.3374.80 11 108 1 Add to Watch List
CF 84.212.57%66.1473.85 8 58 Add to Watch List
CI 289.442.20%76.9358.76 6 104 09/19/23	Bullish  Doji
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CINF 107.01-0.17%56.7765.02 11 108 2 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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Chart Analysis and Chart Pattern Recognition – Broadening Formations

Broadening Formations, including Broadening Ascending Wedge, present inverted triangle patterns. They start with narrow fluctuations, and then widen out between diverging boundary lines. The pattern, where one of the boundary lines is horizontal, is referred to as a right-angled formation. Broadening formations usually mark the reversal when confirmed by other technical indicators.
Broadening formations Screening page presents a list of stocks forming Broadening formation Pattern.
# 1
As a reversal formation, Broadening formation Pattern appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, chart patterns and trend resistance support should be considered together with other technical analysis signals and technical trading techniques.

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.