In this session Robert will describe several “bullish observations” that can be found on share market price charts and provide special insights into why they are so useful and important, and how to use them to produce a list of ranked stocks – ranked by “bullish observations”.
Wouldn’t it be good if we could take a list of stocks (your own stock universe), and sort the list so that the strongest performing stocks – that is, the most bullish – are at the top of the list? And then invest in those strongest stocks in anticipation of the best price performance? We could also note the stocks with a low score near the bottom of the list and avoid them, or perhaps remove them from our portfolio. And beware of the stocks with a very high score because they might be over-bought and ready to fall.
Many traders and investors are familiar with the teachings of Stan Weinstein in his book “Secrets for Profiting in Bull and Bear Markets”. Stan talks about several things, including the importance of the 30 week Moving Average (MA), and noting whether the share price is above or below the MA, and whether the MA is rising or falling. There are many indicator observations like this which we could use to easily identify bullish (or bearish) stocks. But what are they? And how can we use them? Should we use daily charts or weekly? Does this take long to do? Can it be automated?
In this session Robert will provide a greater insight into many technical analysis indicator observations, and a way to attach a useful score value to them, and to subsequently rank a list of stocks by their degree of bullishness. The discussion will also cover the pitfalls to be aware of.