RE: Stage Analysis Beginners Questions
(2020-04-20, 01:34 PM)Joe725 Wrote: Sorry for the spam i'm just trying to find at least a couple of stocks to keep my eyes on, i'm going through the scans be to no avail currently. This one to me looks decent not the best quality due to volume, is this one to watch. I know currently the MA isn't very clear whether its on the decline or not, that's my only concern with the stock. Would this be a stage 2 in general but a relatively weak Stage 2 and to watch if the MA starts to recover.
Yep, this is much more like what you should be looking for, as it reacted well to the recent market collapse and recovered back to the highs quickly, and is now consolidating in a tight range for the last three weeks. Relative strength versus the S&P 500 is strong and there was some volume increase as it recovered back to the highs and broke out. So yes, one for the watchlist.
isatrader
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.
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.