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Stocks Screener - Rising Wedge

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Weekly Pattern:Rising Wedge
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- 4/5/2024 -
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PriceChg%DailyWklyDailyWklyDailyWklyMtlyQtlyYrlySectorIndustrySignalsRanksticksList
^IXIC 16248.52-0.80%41.6776.70 3 04/01/24	Bullish  Doji
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ALGN 317.58-3.15%44.3374.77 4 10 4 Add to Watch List
AMZN 185.072.60%75.1381.74 7 54 2 04/04/24	Bearish  Dark Cloud Cover
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CI 362.45-0.20%76.5585.12 4 13 1 Add to Watch List
CMCSA 40.90-5.65%15.8925.57 5 2 1 Add to Watch List
CTAS 673.69-1.94%62.4275.60 9 102 04/05/24	Bullish  Harami
04/04/24	Bearish  Long Red Real Body
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CTVA 56.85-1.42%67.5879.46 10 80 3 Downtrend Broken Resist.Add to Watch List
DGX 130.63-1.86%55.5241.26 4 14 2 Add to Watch List
DXC 20.46-3.54%51.2926.98 8 39 2 Downtrend Broken Resist.Add to Watch List
EIX 70.820.13%60.2760.84 6 45 3 Add to Watch List
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Rising Wedge Pattern (Ascending Wedge)

Rising Wedge Chart PatternA Rising Wedge pattern also known as Ascending Wedge pattern is one of the most reliable, low-risk, and high-reward chart pattern. A Rising Wedge (Ascending Wedge) pattern is a triangle formation with noticeable slant to the upside. The line that connects the bottoms of the formation represents a support trend line. The resistance trend line connects the formation's tops. The Rising Wedge pattern is valid when the price touched both the support and resistance lines alternatively at least tree times. Unlike the Rising Channel formation, where support and resistance lines are parallel, in a Rising Wedge formation the support line is noticeably steeper than the resistance line. A Rising Wedge represents the loss of the upside momentum and has a bearish bias.
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