- Click on “Screener” Tab
_ - Then on the “Descriptive” Tab
_ - Then go on the section “Average Volume” & choose *Over 1M
_ - Then go on the section “Optionable & Shortible” & choose “Optionalbe and Shortible”
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- Then go on the “Price”, & Choose the *$10 – $50 stocks
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_ - Next go on the “Fundamental” Tab
_ - Go on the section “P/E”, & choose *company’s under 30
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_ - Next go on the “Technical” Tab
_ - Look for the moving Average (Most common 20, 50, 200)
_ - Go on the section “20-Day Simple Moving Average”, & choose *Price above SMA20
_ - Go on the section “50-Day Simple Moving Average”, & choose *Price above SMA50
_ - Go on the section “200-Day Simple Moving Average”, & choose *Price above SMA200
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_ - Next go on the “All” Tab to check all 7 filters
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_ - The only other filter that needed to be added was the ATR so go back to the “Technical” Tab
_ - Go on the section “Average True section”, & choose *Over .75
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_ - *Note if the market if going braking out make sure it’s up for the *week and the *day – Go to the section “Performance”, Choose *Week Up
_ - Go to the section “Performance 2”, & choose “Today Up”
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_ - Then click on the “Charts” Tab to see the charts of the companies that were filtered out How to make it Into a Pullback Scanned (Retracement)
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How to make it Into a Pullback Scanned (Retracement) - Go to the section “Performance” Tab, & choose “Week Down”
_ - Take out the “Today Up” How to create a Bearish scanned
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How to create a Bearish scanner - Change the fundamentals, Go on the “Fundamental” Tab – instead of undervalue companies we want overvalue companies, so on the section “P/E”, choose “Over 30”
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_ - Then go to the “Technical” Tab and take out the *Moving Averages & *Performance
_ - Go on the section “20-Day Simple Moving Average”, & choose *Price below SMA20
_ - If you want to play around to see if you have different candidates, take out the SMA20 and
_ - Go on the section “50-Day Simple Moving”
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You can also download this Step by Step PDF right HERE
KARL HOFFMANN
November 3, 2017 at 11:22 PMGreat Scan!