In summary – looking for relatively volatile stocks with volume that are in an uptrend but pulling back (stochastics)

The last part (candles) is merely looking for a sign of bullishness in the current pullback.

NOTE – DO NOT ENTER BASED ON THESE TECHNICALS. TA is just being used to find pullbacks. Stochastics is a great indicator to find something that pulled back but it is in no way predictive.

Review the list
OK – so the list will throw up some crap, it's not a perfect scan but 20% of the work does 80% of the job. You’ll maybe get 20-30 stocks, throw away those that are going sideways, recently did a double top or otherwise look a bit dodgy.

Take a look at the 15 min chart over the past 5 days – does it still look like it is starting to strengthen? Sometimes that daily bar will look strong but when you look at the day’s action itself – it doesn’t look so hot.

Review the stop loss & target.
Stop loss will be 2c below last swing low or more depending on how much you worry about Market Makers moving the market down to take out the stop loss on your 20 share order. The more cents stop loss,the smaller your position size will be.

Entry will be 2c above the current or prior bar, whichever is higher. Use a bit of discretion here – if the bar 3 bars ago looks to make more sense, then use a breach of that.