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Stock picking - stock trading pick for swing trader. |
Uptrend Support |
| Uptrend 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 Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk. |
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Note. Strategies are based on system weekly
market alerts. The System opens long positions for each stock that generates
downtrend exhaustion or uptrend support alerts. The Systems opens short positions for
each stock that generates uptrend exhaustion or downtrend resistance alerts.
Weekly results summary presents the average weekly gain/losses by strategy.
Results are calculated with assumption that the position was open for each stock
alert on market close on the last business week day, and the position was closed on
market close on the last business day of the following week.
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