I mostly used Technical Analysis of the stocks that I was going to choose, and usually found the stocks I was going to choose by finding stocks that had been recently dropping in price.
Noted on the chart are two brackets, titled “Daily” and “Weekly.”
After checking the MACD of the stock these are some of the things I would notice.
If you simply go by the MACD, this could get you in trouble. For example, if there had beena bullish signal for quite some time, and the stock was reasonably high relative to its recent prices, you can probably assume it is going to come back down again.