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Stock market pick - picking stocks for swing trade. |
Downtrend Broken Resistance |
| Downtrend Broken 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.
Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal. |
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Note. Strategies are based on system weekly
market alerts. System open long positions for each stock that generates
downtrend exhaustion or uptrend support alert. System open short position for
each stock that generates uptrend exhaustion or downtrend resistance alert.
Weekly results summary presents an average weekly gain/losses by strategy.
Results are calculated with assumption that position was open for each stock
alert on market close at last business week day and position was closed on
market close at last business day of the following week.
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