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📉 Stocks with Volume Uptick
Volume breakout stocks, bearish engulfing pattern, & stocks in consolidation
Upsurge Club
October 09, 2023
Hey there!
Bringing to you stock ideas based on various scanners as of 9th October 🔥
More than average trading volume in any stock indicates newly generated interest - these are often the starting points for greater volatility, price swings, and trends. An increase in volume confirms the strength of a trend.
Read till the end to claim your reward 🍪
A bearish engulfing pattern is a candlestick pattern where a small green candle is followed by a large red candle such that the red candle’s body engulfs the green candlestick. This pattern signals a bearish trend, especially when preceded by 4 or more green candlesticks.
Stocks trading within a support-resistance range are known to be ‘consolidating’, ripe for a breakout anytime soon. Add these to your watchlist and make sweet profits when the price crosses the resistance or support.
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