The Greedy Trader Weekly Analysis
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Stocks Screener - Rising Wedge

Weekly Pattern:Rising Wedge
Number of records: 17
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- 2/16/2024 -
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Symbol View HelpWeekly View HelpGFI View HelpOscillators View HelpTrend Analysis View HelpRanking View HelpTechnical View HelpCandle View HelpWatch View Help
ALLE 132.420.39%73.8081.72 12 102 3 Downtrend Broken Resist.Add to Watch List
ANSS 329.85-3.63%31.5463.21 10 87 3 Add to Watch List
BRK.B 405.991.92%88.0784.60 11 123 1 Uptrend ExhaustionAdd to Watch List
COP 110.57-0.53%41.9433.98 2 11 1 Add to Watch List
GD 269.44-0.26%76.0178.76 12 58 Add to Watch List
IEO 94.202.67%73.4946.23 1 Downtrend Broken Resist.02/15/24	Bullish  Long White Real Body
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INTU 655.74-0.37%74.2783.05 10 87 2 Downtrend Broken Resist.Add to Watch List

Rising Wedge Pattern (Ascending Wedge)

Rising Wedge Chart PatternA Rising Wedge pattern also known as Ascending Wedge pattern is one of the most reliable, low-risk, and high-reward chart pattern. A Rising Wedge (Ascending Wedge) pattern is a triangle formation with noticeable slant to the upside. The line that connects the bottoms of the formation represents a support trend line. The resistance trend line connects the formation's tops. The Rising Wedge pattern is valid when the price touched both the support and resistance lines alternatively at least tree times. Unlike the Rising Channel formation, where support and resistance lines are parallel, in a Rising Wedge formation the support line is noticeably steeper than the resistance line. A Rising Wedge represents the loss of the upside momentum and has a bearish bias.
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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.