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This strategy involves selecting stocks based on the Bias Ratio between Closing Today and Support and Resistance Lines, with a focus on the following factors:
1. Bias Ratio between Closing Today and 60-Day Support and Resistance Line (moderately significant): Stocks with a bias ratio of at least 0.03% are considered for potential investment opportunities, as this factor holds moderate significance in the strategy.
2. Bias Ratio between Closing Today and 20-Day Support and Resistance Line (moderately significant): Stocks with a bias ratio of at least -0.01% are also considered, as this factor holds moderate significance in the strategy.
3. Bias Ratio between Closing Today and 240-Day Support and Resistance Line (insignificant): While this factor is deemed insignificant, it is still taken into account when selecting stocks to ensure a comprehensive analysis of the market conditions.
4. Bias Ratio between Closing Today and 120-Day Support and Resistance Line (insignificant): Similarly, this factor is considered despite its insignificance in the strategy, as it provides additional insights into the stock's performance.