Stage 1B Examples
This thread will show numerous examples of Stage 1B taken from various different Global Trend Alert (GTA) reports that I've been able to get hold of over the last few years.
The definition of Stage 1B from the GTA reports is:
"Stage 1B - Late in base-building phase. Watch for breakout."
On each example I've included the Technical Attributes score as this is something I'm interested in personally as an additional tool to help identify the correct Stages. Below is the description of the nine attributes that the score is created from. Each item is given a score of +1 or zero if the statement is true or false for the stock.
Technical Attributes
- 10 Week Simple MA Rising
- 30 Week Weighted MA Rising
- 30 Week Simple MA Rising
- 52 Week Mansfield Relative Performance above Zero Line
- Relative Performance 30 Week Weighted Moving Average Rising
- Force Index Cumulative Volume above 9 Week MA (on a buy signal)
- Force Index Cumulative Volume 9 Week MA Rising
- Weekly MACD above Zero
- Price Greater than the Kijun Line (part of the "Ichimoku Kinko Hyo" method, which focuses on dynamic support and resistance zones.)
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.