One of the key advantages of being a Barchart Premier member is full and unfiltered access to the platform’s screener. With this data interface, you can use the myriad filters — which seek out compelling securities that meet specific parameters — as a starting point for obtaining your own investing ideas. Even better, you can occasionally come across a hidden gem that few experts talk about.
One of my favorite Barchart Screeners is the J-Pattern or often referred to as the J-Hook. According to the investment resource, the pattern “is formed as part of up-trending price action that takes a little dip before resuming the trend.” To put it simply, the formation is similar to other bullish signals, such as the pennant or flag:
