Price Bounced Down From Falling Trendline Stocks

This screen finds stocks whose price has just bounced down from a falling trend line. A trend line connects two or more swing lows (a rising, support trend line) or swing highs (a falling, resistance trend line), and the more often it is touched, the more significant it becomes. A rejection at falling resistance confirms the downtrend and gives traders a defined level to short against or to avoid buying below.