The Greedy Trader Weekly Analysis
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Stocks Screener - Falling Channel

Weekly Pattern:Falling Channel
Number of records: 12
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- 2/16/2024 -
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ADI 188.24-3.48%31.7359.09 10 62 2 Add to Watch List
APD 226.853.19%33.1123.38 5 16 3 02/16/24	Bullish  Doji
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CHD 97.78-1.06%28.8470.21 3 50 1 Add to Watch List
CTSH 77.00-0.13%52.4078.24 10 88 4 Uptrend Broken SupportAdd to Watch List
EMN 85.193.46%57.8955.44 5 36 2 02/15/24	Bullish  Long White Real Body
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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.
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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.