AI Trader | O’Neil: 11 pass the gate, RNG best at 3.13:1

William@CANSLIM Research

RNG is the one name on today’s list that has my attention—clean base, proper buy point at 71.93, and a risk/reward that justifies the work. But that volume ratio of 0.236 tells me the big money hasn’t shown up yet, so I’m not touching it until I see turnover at least 40-50% above average on the breakout. PSX, FIVN, and OVV are actionable, but they’re not leaders yet—they need to prove it with price and volume together. With 69 names to avoid, the message is clear: don’t force trades in a market that’s giving you few quality entries. Patience is a position.

Today’s dual scan surfaced 90 candidates (actionable 11, watch 10, avoid 69). Market regime: Confirmed Uptrend. Published 2026-09-02 23:04.

The Market Comes First

The tape reads Confirmed Uptrend. I never fight the general market — three out of four stocks follow it. I only put money to work when the market is in a confirmed uptrend; when distribution stacks up or a correction sets in, I raise cash and wait. No individual chart is good enough to override that.

How I Screen — My Rules, Not Opinions

Today’s List at a Glance

Actionable 11 · Watch 10 · Avoid 69. Names, buy points, stops and targets are below for members.

Portfolio Snapshot

Recent Trades:

🟢 MPC +1.7% — Trimmed for portfolio risk limit

🟢 SENEA +2.1% — Trimmed for portfolio risk limit

🔴 NGL -3.0% — Trimmed for portfolio risk limit

🟢 SENEA +1.8% — Trimmed for portfolio risk limit

🔴 NGL -2.2% — Trimmed for portfolio risk limit

Open Positions

Imminent — Close to Triggering

RNG · Base breakout · R/R 3.13:1

Why now: RNG is sitting 0.86% under a proper buy point at 71.93, with the RS line at a new high and the stock at its 52-week high—exactly the kind of tight, constructive action I want to see before a breakout. The up/down volume ratio of 2.509 confirms institutional accumulation, and the 3.13 reward/risk justifies waiting for the trigger rather than guessing early.

Why wait / risk: Today’s volume is only 0.236 times the 50-day average—no conviction behind this move yet. A breakout must come on volume at least 40-50% above average; otherwise, it’s a false start. Also, the base is shallow at 2.8 weeks with 54% depth, which is below my ideal 7-week minimum, so I’d cut this immediately if it fails to clear 71.93 on heavy trade.

✅ Portfolio: I am buying 146 shares at the close. 146 shares @ $71.93 (risk $840)

PSX · Base breakout · R/R 3.13:1

Why now: PSX is sitting at a proper buy point of 257.64, just 1.28% below the trigger, with the stock at a new 52-week high and its RS line at a fresh high—exactly the kind of tight, constructive action I want to see before a breakout. The reward/risk at 3.13 justifies waiting for the precise entry, and the up/down volume ratio of 1.611 shows institutional accumulation beneath the surface.

Why wait / risk: The base is only 1.8 weeks old with a 42.81% depth—that’s shallow and sloppy, not the 7-8 week, 20-30% structure I prefer, and base quality of 0.402 is weak. Volume today is a mere 0.286 times the 50-day average, so there’s no institutional thrust yet; if the breakout comes on light trade or the stock fails to clear 257.64, I’ll pass and let it go.

Skipped: max 6 positions reached

FIVN · Base breakout · R/R 3.13:1

Why now: The stock is within 2.9% of a proper 34.9 buy point, and the RS line is at a new high—this is the institutional footprint I want to see before a breakout. The base is short at 3.4 weeks, which keeps the pattern fresh, and the reward/risk at 3.13 justifies waiting for the exact trigger. I do not buy early; I buy the moment volume confirms the move through 34.9.

Why wait / risk: Today’s volume is a mere 8% of the 50-day average, which tells me there is no institutional accumulation yet—a breakout on weak trade would be a false signal. The base depth of 61.8% is deep and sloppy, so any close back below the 50-day or a failure to trigger within a week would invalidate this setup. I cut every loss at 8%, and I will not compromise that rule for a stock that has not yet proven itself.

Skipped: already holding

OVV · Cup with Handle · R/R 3.13:1

Why now: The stock is coiling tightly just below a proper 67.54 buy point, with the handle forming after a deep 29.66% base—this is the final shakeout before a potential breakout. The up/down volume ratio of 1.626 shows institutional accumulation beneath the surface, and with the RS line near new highs, the setup is timely for a decisive move on volume.

Why wait / risk: The current close is 1.96% below the trigger, and today’s volume is only 10% of its 50-day average—this tells me no institutional commitment yet. A breakout on weak volume or a close back below the 50-day moving average would invalidate the pattern; I never buy a stock that fails to clear its pivot on heavy trade.

Skipped: max 6 positions reached

MPC · Base breakout · R/R 3.12:1

Why now: The stock is sitting just 1.09% below a proper buy point at 388.71, with the relative strength line at a new high—exactly the kind of institutional footprint I want before a breakout. The reward/risk is 3.12 to 1, and the target of 485.89 offers a 25% gain from the pivot, so this is worth the wait for a confirmed move. Volume is light today, but that’s normal pre-trigger; I’m watching for the heavy trade to show up on the day it clears.

Why wait / risk: The base is only 1.8 weeks old and 51% deep, which is shallow and volatile—not my ideal constructive pattern. If it fails to break out on volume above the 50-day average, or drops below the 357.61 stop, the setup is invalidated and I’ll move on. No chasing; I only act on the exact trigger.

Skipped: already holding

Watch List — What’s Missing

Avoid — Why We’re Passing

What I’d Tell You

One, only buy when the market is with you. Two, buy in the zone — from the buy point to five percent past it, never more; the stock that gets away costs you nothing, the one you chase costs you money. Three, the seven-to-eight percent stop is not negotiable. Do those three things and the reward-to-risk takes care of itself.

Stage, pattern and sentiment labels are generated by rule-based approximations (Weinstein stage analysis, Minervini trend template and heuristic pattern detection), not by precise technical analysis. Data as of September 02, 2026. For informational and educational purposes only — not investment advice. Always verify against primary sources before making any investment decision. Ratings use open-data proxies for IBD-proprietary figures and may run looser than the originals.