Curated by ZYTrade Editors: If you’re scanning the stock market for a potential swing trade, Thomas Bulkowski’s site does an impressive job at identifying tradable patterns for weekend scanning. Here are the patterns for this week.

Originally posted at Thomas Bulkowski’s The Pattern Site

 

Go to Table.

You can find setups based on a Fibonacci retrace by clicking on the link.

Click the link for a list of symbols from the table.

The following patterns were found manually, so the results may differ from those found using Patternz.

Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.

There were 16 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 583 stocks searched, or 2.7%. Based on the percentage, the stock market is trending since few consolidation patterns appear.

Excluding ETFs, there were 8 bullish chart patterns this week and 7 bearish ones with any remaining (1) being undecided. The ratio of bullish to bearish patterns suggests the market is hinting of a coming bullish (up) turn.

In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.

More…

— Thomas Bulkowski

 

Bullish Patterns 

Symbol

Chart Pattern

Start

End

Industry

ADBE

Triangle, symmetrical

07/13/2020

07/30/2020

Computer Software and Svcs

CX

Head-and-shoulders bottom

06/25/2020

07/24/2020

Cement and Aggregates

FFG

Triangle, symmetrical

03/19/2020

07/30/2020

Insurance (Life)

GPRO

Triangle, symmetrical

06/08/2020

07/30/2020

Electronics

LB

Flag, high and tight

06/25/2020

07/30/2020

Apparel

NJR

Triangle, symmetrical

07/06/2020

07/30/2020

Natural Gas (Distributor)

OMI

Flag, high and tight

06/22/2020

07/30/2020

Medical Supplies

 

 

Bearish Patterns

Symbol

Chart Pattern

Start

End

Industry

ANTM

Rectangle bottom

06/12/2020

07/28/2020

Medical Services

CNP

Broadening top

07/13/2020

07/30/2020

Electric Utility (Central)

^DJU

Diamond top

07/17/2020

07/29/2020

None

JBLU

Triangle, descending

05/29/2020

07/30/2020

Air Transport

KLAC

Broadening top

07/06/2020

07/24/2020

Semiconductor Cap Equip.

RAMP

Rising wedge

06/23/2020

07/24/2020

Computer Software and Svcs

OMC

Broadening top

07/13/2020

07/28/2020

Advertising

PATK

Broadening top, right-angled and ascending

07/16/2020

07/30/2020

Retail Building Supply

SEIC

Pipe top

07/13/2020

07/20/2020

IT Services

 

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