RE: Stage Analysis Beginners Questions- OVT.V
Hi Isa,
I think I found one that may meet your requirements. It has broken out of a base that has been about 3 years in the making. It broke out on huge weekly volume in Jan. running from around 0.15 to 0.30 roughly while the 30 MA was moving to the upside. The price broke above the SPX price line some months back.
It has resistance at 0.30 and 0.35 so the question is when would one buy this now if one did not know about this stock and did not buy on the breakout at 0.15 cents? It has come back to test the 30 MA at around 15 cents so everything looks really good as it seems to just be starting its phase two run but my uncertainty is whether one needs to wait to see it break above 0.35 cents or whether even at current levels it is considered a proper entry long.
Thanks again for all your time and wisdom.