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Stock picking - stock trading pick for swing trader. |
Downtrend Resistance |
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| Downtrend Resistance 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. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.
The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword. |
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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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