Instead of Simple Moving Averages, I use Weighted Moving Averages. I use the following signals to identify Stage 2-

1) 50 WMA > 100 WMA > 150 WMA > 200 WMA
2) Price is within 25% range of its 52-Week High and above 30% or more from its 52-Week Low.

More from Ravi Sharma

More from Screeners

You May Also Like