Today's Bullish Events
When looking for new LONG trading ideas, consider the following U.S. stocks which have recently formed a bullish classic chart pattern. We have selected stocks with a minimum 3.00 close price and a minimum 500,000 trading volume. Their patterns are at least 35 days long. The instruments listed below are ordered with the most recent patterns first, and within a particular date, the instruments are sorted using (Trending123.com partners with Recognia's) proprietary algorithm and then by trading volume, with the highest volume first.
Classic patterns are recognized by price swings that form distinctive patterns on the stock's price chart. The names of classic patterns often reflect the shape of the formation such as the Double Bottom, Ascending Triangle and so on. Accepted principles of technical analysis indicate that classic patterns may provide insight into the outlook for the equity's price. We have selected patterns that define a target price range. The duration of the pattern signifies the time horizon for the anticipated price move: the longer the pattern, the longer the time horizon to reach the potential target price.
Today's Bearish Events
When looking for new SHORT trading ideas, consider the following U.S. stocks which have recently formed a bearish classic chart pattern. We have selected stocks with a minimum 5.00 close price and a minimum 500,000 trading volume. Their patterns are at least 35 days long. The instruments listed below are ordered with the most recent patterns first, and within a particular date, the instruments are sorted using (Trending123.com partners with Recognia's) proprietary algorithm and then by trading volume, with the highest volume first.
Classic patterns are recognized by price swings that form distinctive patterns on the stock's price chart. The names of classic patterns often reflect the shape of the formation such as the Double Bottom, Ascending Triangle and so on. Accepted principles of technical analysis indicate that classic patterns may provide insight into the outlook for the equity's price. We have selected patterns that define a target price range. The duration of the pattern signifies the time horizon for the anticipated price move: the longer the pattern, the longer the time horizon to reach the potential target price.
Classic is a term used to refer to a group of patterns that typically have a longer-term horizon (greater than 12 days) and which have distinct price swings such that the price swings form distinctive patterns. The names of classic patterns often reflect the shape of the formation such as the Double Top, Double Bottom, Head and Shoulders Top, Ascending Triangle and so on.
