zAngus

How to find the best trending momentum stocks across the globe

Education
HKEX:1137   HONG KONG TECHNOLOGY VENTURE CO LTD
Have been asked a few times how to find stocks that are in a nice steady uptrend across multiple markets.

A super simple way is to use the built in TradingView screener, add some moving averages to your chart, and then set your yearly, monthly, and optionally weekly performance values to filter the list down to a manageable number. Look through the results for stocks where the price and the moving averages are all running together nicely in parallel. The whole slow and steady approach.

Once you have a list of suitable stocks in your watch list you can then go through them and work out which ones to potentially buy based on your own criteria.

I typically look for stocks with an RSI pointing up but between 55 ( shows momentum) and 65 (not yet over valued) that have had a bit of a pullback recently, but look like they are heading up again.

Super simple strategy anyone can follow and understand. Try it and see what you find.

One of those the trend is your friend kind of things :)
Comment: Couple of people below asked how I trade this, so just to repeat it is VERY simple. All I am doing is looking for quality long term runners (these are up over 100% per year - so they are pretty aggressive stocks) that have had a bit of a pullback and look like they are resuming their upward trend. To run that steady for so long means that both fundamental and technical traders see something in them that they like. I like to look at the RSI to see if the stock still has momentum / is recovering (ie pointing up and above 55), but has come back to a value area around 65 or below. (eg below 70 (universally considered in overbought territory) and closer to 55 if possible).

ie:

"I typically look for stocks with an RSI pointing up but between 55 ( shows momentum) and 65 (not yet over valued) that have had a bit of a pullback recently, but look like they are heading up again."

If you want a slightly more advanced way to buy, then rather than use a limit or market order, put in a stop order that is a few cents / dollars / percent above the current price. That way you will only actually buy the stock when it is moving up and confirming its direction is up. ie you are buying into strength.

Hope that helps.
Comment: I made a follow up video showing how I can use a custom indicator that was built using TradingViews PineScript to provide still trending, but less volatile results than using moving averages alone and still 100%+ type return superperformers.


NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

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