🟨 Weekly Charts for Screening
Why look at weekly charts?
What do we want to see?
* Base depth no more than 30%
* Close on the weekly bars near the highs
* Closes are tight (about 1-1.5% of each other)
* Peak closes on weekly
* Big Volume on the Up Weeks
* Lower Volume on the Down Weeks (compared to the Up weeks)
* RS Line near highs while stock is still in base
Here are some of the stronger names I see today:
HALO, 
PODD, 
PI
- We look at weekly charts because it reduces volatility when scanning for stocks. This is especially important during bear markets when the stocks are more volatile.
What do we want to see?
* Base depth no more than 30%
* Close on the weekly bars near the highs
* Closes are tight (about 1-1.5% of each other)
* Peak closes on weekly
* Big Volume on the Up Weeks
* Lower Volume on the Down Weeks (compared to the Up weeks)
* RS Line near highs while stock is still in base
Here are some of the stronger names I see today:
HALO, PODD, PI
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