Uptrenders For 11/21

By Johns Wu on Nov 20, 2005

Here are the results of my uptrending retracement scan. These are stocks in an uptrend that have retraced to acceptable short-term entry prices. They will hopefully exhibit some kind of "bounce" as they approach their uptrending supports. For these type of plays, always keep stop-losses below the uptrending supports.

ABAX could be a little overextended though
VICL lot of volume lately, resting at a double trendline support
ACGL looks overextended, but may have gone parabolic
ACL very healthy uptrend, love the chart

This same scan spit out some pretty successful stocks last week, but that was in the midst of the market’s bullish leg up, so exercise caution if the market turns sour. Just as a warning, this scan is still in early development stages, so I personally will not be buying any of those stocks.

This entry was posted on Sunday, November 20th, 2005 at 2:11 pm and is filed under Watchlists. You can skip to the end and leave a response. Pinging is currently not allowed.

3 Responses to “Uptrenders For 11/21”

By Anonymous on November 20th, 2005 at 9:50 pm

Johns,

Are you just skimming through charts manually, or do you have an actual screener doing the work for you? Some interesting picks here. Hope the market continues it’s run.

By THE BULL TRADER on November 20th, 2005 at 10:17 pm

hey,
my scan spits out about 30 charts a day, and then i look through these charts manually for setups that i like. im still working on the scanner so that it returns better quality stocks and less garbage.

By Anonymous on November 21st, 2005 at 2:51 pm

I like the new daily picks posts. Keep up the good work. Nice blog, btw.