Here are six stocks that are bullish trading candidates based on their weekly charts.
The charts reflect some prior basing action and have well-defined resistance lines. Price momentum is improving and money flow is generally positive.
Trading on the weekly time frame offers the benefit of deeper stops. This also allows more time for the trading thesis to play out. But because of the wider stop loss levels, they do require smaller position size which, of course, limits profit levels.
This is usually a good trade off.
So often traders are stopped out only to see their stock then suddenly reverse back in direction they had originally anticipated and then continue higher. The weekly time frame helps to avoid this all too common dynamic.