RE: Stage Analysis Beginners Questions
(2019-06-30, 04:41 AM)moneymaker Wrote:(2019-06-23, 04:42 PM)moneymaker Wrote: Ok thanks for your help. I will study isatrader's thread and re-do my analysis on the 3 of them. I will post my findings here to see if I understand correctly.
I think I just misunderstood what's actually a breakout. I thought it's when a stock breaks above the MA(30). But it's actually when it breaks above a resistance.
Indeed correct, the last resistance (often the last high) will prove to be the breakout point. and then volume is supposed to confirm this breakout. please though go through the threads as has been mentioned on here, the ichimoku cloud (especially on the daily) will also highlight potential resistance. somewhat uncannily.
mark these on your charts, and then you're questions will help you, and help us in getting to the answers quicker
ISA has on his threads a 10 point checklist. go through them and at least have your own ranking criteria
we are happy to help, even though i gave you a hard time. its not for my ego but your journey.