RE: Stage Analysis Beginners Questions-peo.v
PEO.V has had a nice base and is now looking to break out over 8.52. Everything looks good but I take it one should never buy a breakout unless volume comes in? Last few weeks there was no volume. So like with KL I would need to see that the daily volume is well above 200 sma to enter? I am assuming when stocks break out on pitiful volume there is little prospect of them going very far and are more likely to break back down soon after... It would be a shame if it breaks out on little volume as everything else- to my eye- seems really good in terms of setting up.
Thanks.