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Today’s webinar consists of scanning. Clay utilizes www.finviz.com .
The first scan Clay performs is a bearish context that scans for how much of the float is short and a few percent off the 50 day lows. Clay is paying close attention to the moving averages, patterns that are forming and candlestick formations.
We are also looking at the opposite side of the coin with tickers that are a few percent off their 50 day highs. These scans, while primarily focused on breakouts, showcase some RvR setups as well. This also provides good practice for spotting obvious support, resistance, and trend lines.