Evaluating Stocks with Candlestick Patterns

Jul 9 18:23

It's hard to find stocks with potential? Moomoo might help.

Generally, we select stocks by analyzing fundamentals or technical indicators, such as candlestick patterns and chart formations.

In this tutorial, we'll show you how to access Candlestick Patterns on moomoo.

Tap Markets> US> Candlestick Patterns

Any app images provided in the content are not current and any securities shown are for illustrative
Any app images provided in the content are not current and any securities shown are for illustrative

Here we list 20 common bullish and bearish patterns.

Any app images provided in the content are not current and any securities shown are for illustrative
Any app images provided in the content are not current and any securities shown are for illustrative

Tap on a pattern to see stocks with the most similar candlestick formations to the selected pattern.

Any app images provided in the content are not current and any securities shown are for illustrative
Any app images provided in the content are not current and any securities shown are for illustrative

Then select a screened stock to view its detailed quotes page for more information.

Any app images provided in the content are not current and any securities shown are for illustrative
Any app images provided in the content are not current and any securities shown are for illustrative

How to show the pattern on the stock's candlestick chart?

Detailed Quotes> Toolbox>Chart Settings> Candlestick Chart Info> Enable Candlestick Pattern.

Any app images provided in the content are not current and any securities shown are for illustrative
Any app images provided in the content are not current and any securities shown are for illustrative

If the Candlestick Pattern switch is enabled, the pattern will be automatically depicted on the chart, saving us the trouble of drawing it on our own.

Any app images provided in the content are not current and any securities shown are for illustrative
Any app images provided in the content are not current and any securities shown are for illustrative

Tap on the pattern to view support and resistance level estimates and the next day's rise probability.

Any app images provided in the content are not current and any securities shown are for illustrative
Any app images provided in the content are not current and any securities shown are for illustrative

This feature uses big data and image recognition algorithms to quickly identify stocks that may meet your criteria.

However, it's important to remember that when making investment decisions, other factors, including fundamentals and market sentiment should also be taken into consideration.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. Read more

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