How to find pullbacks using Telechart

The market has been churning at this level.Many stocks which had gone up in past month or so are having a pullback now. Some of these are having very orderly low volume pullbacks. Some of these stocks will resume their uptrend after few days.
There are many ways to find such stocks. One of the ways is by using a Telechart scan

(100 * (C - C21) / C21) >= 20 AND (100 * (C - C5) / C5) <= 0 AND (100 * (C - C5) / C5) >= ( - 15)AND (100 * (C - C1) / C1) < 2 AND C >= 5 AND V >= 1000

As of now the scan will give you 164 stocks. You can further reduce the list by taking only pullbacks which are within 8 to 10% of 52 week high or six month high.

If you want to take stocks within say 10% of six month high you can use the following scan to sort the above list:
(100 * ((C + .01) - (MAXC130 + .01)) / (MAXC130 + .01))

To further eliminate low liquidity stocks you can sort the list by Volume (Dollars) 1 day and take those with above USD 5 million volume.

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