A valid technical signal is when there are big enough amount of money changed hands. Technical Stock Signals picks stocks that fulfill minimum short-term required liquidity, this is especially important if you do short-term trades.
The scanning report provides both (Bullish & Bearish ) technical signals.
Its format as below :
Signal(up/down),
Stockcode , Close, $Turnover, High, Low
- signal(up), means entry for long, exit for shorted
- signal(down), means entry for short, exit for longed
- Stockcode is the code number for the stock
- Close is the closing price
- $Turnover is the amount of money being traded roughly
- High is the day high price
- Low is the day low price
Scanning result is available at ( http://technicalsignals.blogspot.com/)
Very often, when you look at all these ( Bullish & Bearish ) signals as a whole, from day to day, you will be able to get a feel of the balance between the ( buying & selling ) forces, this will give us a hint of next move.
For example, if we found that ( Bullish & Bearish ) are quite balanced, this means that the market has no direction at the moment, if one is stronger that the other, that should be seen as mean direction.
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