Scan Criteria
Does this stock meet my custom 12 point scan criteria? Yes, came through on my 40/40 Sales and Earnings Scans
Structural Checklist
1. Can a proven price patterns be identified? Yes, Inverse H&S / CWH
2. Is the 50D SMA trending up? Yes
3. Has price moved >20% since its last consolidation? Yes
4. Is the weekly RS above its Zero Line? Yes
5. Does price action suggest the stock is consolidating / digesting the recent price move? Yes
6. Is the price consolidation longer > 20 days? Yes
7. Has price volatility contracted from left to right? Yes
8. Has volume volatility contracted from left to right? Yes
9. Are there visible signs of demand within the base? Not obvious
10. Are there visible signs supply has been absorbed? Yes
Pivot Buy Point (Last 3 Bars)
1. Is there a visible Tight Zone? Yes
2. Have there been 3 Tight Closes?Yes
3. Has there been a Constructive 3 Bar Correction? No
4. Is there a Bullish Inside Bar? No
AND
1. Has volume dropped dramatically? 2x blue dots in the last 4 bars
2. Can risk be managed under 8% in one of 3 ways? Yes
Scan Score (Minimum 12/12)
All Trading Dirty stocks have a Scan Score of 11
Structural Score (Minimum 7/10) 9.5
Entry Score (Minimum 1/4 then 2/2) 3.5