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    Scan of the Day?

    by TraderMike 9 months ago

    Seeing a lot of nice setups on a particular scan today?  Let us know below...
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    TraderMike 9 months ago

    The Hammer Candlestick scan definitely caught my attention last night.  QQQ made a hammer and it was one of the most unusually active scans of the day -- up 355% more than normal.  

    Some of my favorite charts from the scan are:

    • QQQ (lower BB bounce & just above the 50 DMA)
    • PLTR (touched the 50 DMA)
    • PGNY (touched the 50 DMA)
    • IWP (touched the 50 DMA)
    • SMH (touched the 50 DMA)
    • BRZE (just under its 50 DMA and held $40 support)
    • JAMF (50 DMA and lower Bollinger Band bounce)
    • SPLK ( held $100 support & the lower BB... negative is that it's well under its 50 DMA)
    • IWO (held the 50 DMA)
    • MGA
    • ARKF (50 DMA & lower BB touches)
    • TROW (50 DMA & lower BB touches)
    • CIBR 
    • LOW
    • MMM (filled a gap)

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    TraderMike 9 months ago

    Also, the very similar Lizard Bullish appeared 443% more than usual yesterday.

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    Cos3 9 months ago

    i think we saw a lot of new downdrend in the last days.  Now we have a fight of the bulls to stay above the 50 DMA.  We might have a lot of interesting entry point after a confirmation of support (MACD bullish signal line cross).  In general we seem to be overbought on longer term (weekly) stochastic.

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    TraderMike 9 months ago

    indeed!  Not many of those hammers are triggering entries (yet).  It's a battle between short-term bearishness & longer term bullishness.

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