It is hard to find a ticker that will perform in a down market, but not impossible.
I use various tools to identify which way a sector is headed and what tickers have potential within a sector that may be doing better than the rest.
Using one of my tools i came across FTI and find the ATR is supportive, MACD and stochastic have done an about face with a golden cross on the horizon.
In addition to finding various stocks with potential, I use backward looking data to find cycles that may again produce some gains.
on FTI i find that if you purchased this stock on 12/31/2020 and sold on 1/14/2021 the return would be 25.4%.
The short volume on 12/31 was 38% and rose to 48% on 1/14.
Today the short volume is at 48%, if this comes down over the next couple of days then this looks like a stock I may pick up, as the market continues its pull back
I use various tools to identify which way a sector is headed and what tickers have potential within a sector that may be doing better than the rest.
Using one of my tools i came across FTI and find the ATR is supportive, MACD and stochastic have done an about face with a golden cross on the horizon.
In addition to finding various stocks with potential, I use backward looking data to find cycles that may again produce some gains.
on FTI i find that if you purchased this stock on 12/31/2020 and sold on 1/14/2021 the return would be 25.4%.
The short volume on 12/31 was 38% and rose to 48% on 1/14.
Today the short volume is at 48%, if this comes down over the next couple of days then this looks like a stock I may pick up, as the market continues its pull back
better not bitter