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In today’s webinar we start by scanning for possible short opportunities. This is achieved by scanning for stocks with a long upper shadow.
We then look for long setups using a hammer candle as the criteria. Clay then modifies this by looking for stocks that are near their 52 week highs since that would imply shorts would most likely cover.
We then scan for 0-3% within 52 week lows. And to end the webinar we look for the golden cross criteria (50sma crossing 200sma) and find a couple of candidates for both longs and shorts.