Basing Stock Screener | Canadian (TSX, TSXV & NEO)

Basing Stock Scans

These scans find stocks which are building a base -- that is, they are consolidating a previous trending move by essentially going sideways for a period of time.

Name	Description
Bollinger Band Squeeze	Volatility has fallen to low levels and the Bollinger Bands Bandwidth has narrowed to near 6-month lows.
Cup with Handle	This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long. The beginning, or left side, of cup has to start after a rally of at least 30%. Then a 20% to 30% correction from the old high (left side cup edge) must occurs. The stock then builds a rounded base which slowly climbs back toward the old high The right edge of the cup must be at most 15% below the left edge (the old high). Then a slight pullback occurs which forms the handle. The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must aslo form within the top half of the cup and be within 15% of the left side top of the cup. The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average volume.
Three Weeks Tight	Stocks which formed a Three Weeks Tight pattern

Name

Description

Bollinger Band Squeeze

Volatility has fallen to low levels and the Bollinger Bands Bandwidth has narrowed to near 6-month lows.

Cup with Handle

This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long. The beginning, or left side, of cup has to start after a rally of at least 30%.

Then a 20% to 30% correction from the old high (left side cup edge) must occurs. The stock then builds a rounded base which slowly climbs back toward the old high The right edge of the cup must be at most 15% below the left edge (the old high). Then a slight pullback occurs which forms the handle.

The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must aslo form within the top half of the cup and be within 15% of the left side top of the cup.

The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average volume.

Three Weeks Tight

Stocks which formed a Three Weeks Tight pattern