ChartGuru
2 posts
msg #152073
- Ignore ChartGuru |
5/6/2020 7:12:35 PM
Guys,
I identified a promising trading setup and looking for help to build filter. Basically, what I am trying to do is to filter for longer base formations which occur after a long price drop to profit from the prolonged or sharp price increase thereafter, often indicated by volume spike and/or favourable sentiment/news.
In the following examples the patterns I like to identify are marked with the rectangle.
Example 1: Enphase Energy - very long basin at the bottom and then another basin (which is a very long cup with handle, however, not found by the cup with handle filter)
https://imgur.com/6b6NNI6
Example 2: Bloom Energy - base after a very long drop with a sharp increase
https://imgur.com/mzUCKuK
Example 3: Capricor Therapeutics - similar to Bloom Energy above
https://imgur.com/j1sUBO1
Example 4: Smile Direct Club - basically double bottom, however, not found by standard filter
https://imgur.com/IqqJKou
Tried a myriad times but couldn't make a filter work for either of them. Appreciate your help.
Thanks,
N.
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miketranz
961 posts
msg #152075
- Ignore miketranz |
5/6/2020 8:16:40 PM
Try this one.I pulled it out of my bag of tricks.Lots of penny stocks,some still basing,some breaking out,a mixed bag.Best,Miketranz...
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shillllihs
6,044 posts
msg #152077
- Ignore shillllihs
modified |
5/6/2020 8:41:53 PM
Oops sorry
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ChartGuru
2 posts
msg #152084
- Ignore ChartGuru |
5/7/2020 9:11:26 AM
Thanks, however, that is not quite what I was looking for - although it gave me a great idea :) maybe the stockfetcher team could post its formula behind their double-bottom und incomplete double-bottom. This would help me a great deal...
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