[Haugaard]

What about this stock? It is out performing all of its Moving Averages, has seen extremely good volume recently and has a very good MRS Trend. Conversion has lapped Base Line on Ichimoku cloud which i'm new to, but I think that indicates a bullish period for the stock? Is this a good stock to watch, if so my main issue is trying to find an entry position?

It is likely the most talked about stock currently, as they are fighting to be the first to get a coronavirus treatment. It is in Stage 2, but due to the volatility in the stock it would be a hard one to trade with the method, other than on a breakout to new highs or a pullback towards the 10 week (50 day) MA. It also carries a larger than average amount of risk due to the race to get a coronavirus treatment. If they fail, or someone else gets there first, then it could have a sharp reaction. So it's certainly tradable, but comes with high risk.

Ahhh okay I see, I did think the same. Think i'll let this one pass, think the fear of missing this would draw me in, but I guess all it takes is another company to beat them to it to send the stock crashing. Cheers

I do not know to which degree you are familiar with Stage Analysis, so it might be that you already know this. As a beginner, i think you should heavily consider, whether or not you should trade the current market. The market is still under its 30w MA and is therefore effectively in a stage 4 decline. In a stage 4, even more so than any other stage, stocks are influenced by the overall market. That means, that any stock you are long, even with A+ potential, could at any time be flushed out with the bathwater.

All the best,
@marcushaugaard