RE: Stage Analysis Beginners Questions
I'm in partial agreement with Isa. I agree that it's too thinly traded for proper risk management. I also agree that the price action is generally what you should be looking for. However, i do not believe that, in terms of method, this would've made a good buy. As you can see on the attached chart, the volume of which you are referring to, all comes from consolidation or from the pullback itself. The volume on the breakout was lower than average, and is therefore, not fulfilling the requirements. High volume is great on the breakout, but high volume on the pullback is bearish.
All the best,
@marcushaugaard
- Marcus Haugaard
"The Tape Tells All" - Stan Weinstein
"The Tape Tells All" - Stan Weinstein