To find shorts I focus on weak stocks that are having counter trend minor rally or bounce. Many stocks remain weak for extended period of time as the underlying business deteriorates or is debt leads to slow erosion of equity.
BTU is an example of one such weak stock.
BTU has been in steady and persistent downtrend for 4 years. There might be many reason for such protracted downtrend, but without knowing the financial reason for that we can still identify stocks like these using momentum scans.
During that down move, BTU had many minor counter trend rallies. Those rallies failed. BTU kind of stocks is one of the ways to find anticipation candidates on short side.
Following stocks are some of the stocks I am watching for possible shorts:
GLPW
DDD
OTEX
EMES
LOCO
KSS
URBN
FSLR
MDVN
All of them were identified by using a short momentum pcf in Telechart.
BTU is an example of one such weak stock.
BTU has been in steady and persistent downtrend for 4 years. There might be many reason for such protracted downtrend, but without knowing the financial reason for that we can still identify stocks like these using momentum scans.
During that down move, BTU had many minor counter trend rallies. Those rallies failed. BTU kind of stocks is one of the ways to find anticipation candidates on short side.
Following stocks are some of the stocks I am watching for possible shorts:
GLPW
DDD
OTEX
EMES
LOCO
KSS
URBN
FSLR
MDVN
All of them were identified by using a short momentum pcf in Telechart.
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